Mobile Money Adoption Increased During the Pandemic by 4 Percent: Karandaaz Survey on COVID-19’s Impact on Financial Behavior
Survey findings on the impact of COVID-19 on financial behavior show that while financial inclusion in Pakistan increased from 21 percent of adults pre-pandemic to 25 percent in late 2020, the change was driven entirely by mobile money adoption.
BankIslami and TPL Life Come Together to Bring Comprehensive COVID Coverage for Their Customers
The plan is a result of a partnership between two of the country's foremost institutions that are offering Islamic finance and takaful solutions for the benefits of masses across the country.
CBE-Hosted Fintech Innovation Sprint Launched to Address COVID-19 Challenges
The initiative comes as part of Egypt’s fintech and innovation strategy that aims to achieve the state’s goals in using technology, as well as promoting innovation and financial inclusion.
Super Apps Rising: Mobile Drives Digital Payments Uptick in Pakistan
The pandemic and the rise of mobile infrastructure have set the stage to bring people living in developing and emerging economies into the digital realm.
Remittances to Pakistan Stay Above $2 Billion for Sixth Consecutive Month
UAE emerges second largest source of remittances for Pakistan in first five months of FY 2021.
SANAD Provides First Tier II Capital in Egypt to Banque du Caire
Subordinated debt totaling $30 million to strengthen capital base and boost bank’s ability to provide local businesses with much-needed financing.
Pakistan: Microfinance During COVID
According to Pakistan Microfinance Network, negative effects of the pandemic are obvious since March 2020.
Pakistan Cites New Transfer Rules in Remittances Boost
In a rare instance of COVID-19 helping a country’ s economy, Pakistan saw a significant uptick in remittances from nationals working overseas in July.
SANAD and Banque du Caire Strengthen Partnership to Support MSMEs, Agribusinesses, Microfinance Institutions in Egypt in Light of COVID-19 Crisis
Investment of $15 million bolsters funding base for important economic pillars.
The Islamic Corporation for the Development of the Private Sector (ICD) is Committed to Strengthened the Islamic Finance During the COVID 19
Global Islamic Banking and Finance learning series is launched by AlHuda CIBE.