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.
IFC Provides $30M to BRAC Bank to Support Businesses During COVID-19
The investment will help to keep small and medium-sized enterprises open and preserve jobs, which is critical to sustaining the Bangladeshi economy.
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.
WB Approves $200M to Help Poor Urban Youths, Migrant Returnees
The Recovery and Advancement of Informal Sector Employment project will help about 175,000 poor urban youths and low-income microentrepreneurs enhance employability and productivity.
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.
World Bank Flags Pandemic Risks for Bangladesh’s Exports, Remittances
The World Bank has warned that the weaker-than-expected growth elsewhere in the world due to the pandemic may undermine the recovery in Bangladesh and other countries in South Asia.
IFAD to Support Rebuilding Bangladesh's Microenterprises
The International Fund for Agricultural Development will provide Bangladesh with a loan of $ 18.07 million to rebuild microenterprises as well as to support smallholders affected adversely by the COVID-19 pandemic.
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.
New IFC Survey Reveals A Third of Workers in Bangladesh’s Micro, Small and Medium Enterprises Now Jobless in Wake of COVID-19 Impacts
A staggering 37 percent of workers in Bangladesh’s micro, small and medium enterprises lost their jobs, either temporarily or permanently, in the space of one month, with 94 percent of MSMEs experiencing a sharp drop sales due to the impact of COVID-19.
Pakistan: Microfinance During COVID
According to Pakistan Microfinance Network, negative effects of the pandemic are obvious since March 2020.