Articles with tag: world bank

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IFC and UBA to train Ugandan SMEs to face pandemic crisis

11 Aug 2020 | E-invoicing, SCF & E-procurement

IFC, a member of the World Bank Group, and the Uganda Bankers Association (UBA) has partnered to train financial institutions and SMEs regarding the COVID-19 crisis.

IFC, UBA, Uganda, financial, banks, SMEs, COVID-19, coronavirus, pandemic, World Bank Group, Uganda Bankers Association, UBA, partnership, digital

Venio launches nano-credit mobile app in Philippines

29 Jul 2020 | Online & Mobile Banking

Venio, a mobile app providing nano-credit facilities to consumers in emerging markets, has begun offering credit facilities to unbanked consumers in Philippines. 

Venio, lending, mobile app, nano-credit, unbanked, Philippines, World Bank Group, loans, retail, network

Equity Bank secures USD 50 mln IFC-loan for Kenya-based SMEs amid COVID-19

22 Jul 2020 | E-invoicing, SCF & E-procurement

World Bank Group member IFC has provided a $50 million loan to Equity Bank Kenya to help small and medium-sized enterprise (SME) clients facing COVID-19 challenges.  

World Bank Group, IFC, Equity Bank, Kenya, Africa, SMEs, loan, lending, COVID19, Kenyan businesses, trade, transport, pandemic, trade chain, value chain, foreign financing flow, tourism revenue

Financial institutions to create a task force on nature-related financial disclosures

22 Jul 2020 | Payments General

The UK and Swiss governments and ten financial institutions have announced intentions to create a Task Force for Nature-related Financial Disclosures (TNFD) by joining an Informal Working Group that will lead to the creation of a TNFD in 2021.

AXA, BNP Paribas, DBS Bank, Rabobank, Standard Chartered, Storebrand, Yes Bank, World Bank, Nature-related Financial Disclosures

IFC provides USD 50 mln loan to Access Bank for Nigeria-based businesses amid Covid-19

20 Jul 2020 | E-invoicing, SCF & E-procurement

World Bank Group member IFC has provided a USD 50 million loan to Access Bank to help the bank increase liquidity to SMEs in Nigeria challenged by COVID-19. 

IFC, Access Bank, World Bank Group, Nigeria, SMEs, covid 19, Africa, loan, fast track financing support package, fast track facility, trade financing, working capital, business clients, disrupted cash flows, retail bank

World Bank approves USD 750 mln loan for India-based MSMEs

08 Jul 2020 | E-invoicing, SCF & E-procurement

The World Bank has approved a loan of USD 750 million to help increase the flow of finance into the hands of MSMEs in India.

World Bank, loan, MSME, India, MSMEs, coronavirus, pandemic, economic shutdown, liquidity, credit requirements, supply chain disruption

IFC, Citi roll out USD 800 mln facility for trade finance in emerging markets

02 Jul 2020 | E-invoicing, SCF & E-procurement

IFC and Citi have created an USD 800 million facility to support trade flows in developing countries and help businesses amid the pandemic.

IFC, Citi, facility, trade finance, emerging countries, World Bank, pandemic, covid-19, cash flow, trade assets, trade volume, Global Trade Liquidity Program, IDA countries

270 mln women worldwide are excluded from day to day banking, report

01 Jul 2020 | Payments General

UK-based fintech Paysend has released a report focusing on the empowerment of women in low-income countries through international money transfers.

banking, Paysend, fintech, UK, global, women empowerment, low-income countries, international money transfers, World Bank, digitisation

Ghana launches Digital Financial Services Policy

26 May 2020 | E-invoicing, SCF & E-procurement

The Ministry of Finance which led the development of the National Financial Inclusion and Development Strategy (NFIDS) has launched the Digital Financial Services (DFS) Policy.

Ghana, digital, Digital Financial Services Policy, COVID-19, coronavirus, National Financial Inclusion and Development Strategy, NFIDS, DFS, payments, digital payments, Digital Payments Coordination Unit, World Bank, The National Financial Inclusion and Development Strategy, The Digital Financial Services Policy, partnership, Consultative Group to Assist the Poor, CGAP, The Cash-Lite Roadmap, Better Than Cash Alliance

Figopara secures USD 1 mln in financing round

11 May 2020 | Online & Mobile Banking

Turkey-based fintech Figopara has raised a million dollars in its second financing round.

Turkey, fintech, Figopara, IFC, The World Bank’s International Finance Corporation, Revo Capital, Endeavor Catalyst, SMEs, invoices, lenders, Akbank, Fibabanka, ING Turkey, Yapi Kredi Bank

World Bank Group increases COVID-19 response to USD 14 Billion

19 Mar 2020 | Payments General

The World Bank and IFC have approved a USD 14 billion financing package of fast to assist companies and countries dealing with the COVID-19 pandemic. 

World Bank, IFC, International Finance Corporation, financial aid, financial support, world, COVID-19, coronavirus

World Bank Group announces up to USD 12 Billion for COVID-19 country response

04 Mar 2020 | Payments General

The World Bank Group is making available up to USD 12 billion to assist countries coping with the health and economic impacts of the global COVID-19 outbreak. 

The World Bank Group, World Bank, COVID-19, coronavirus, IDA, IBRD, IFC, International Finance Corporation, lending, low-interest loan

Six identity projects including one in Nigeria approved by World Bank

20 Feb 2020 | Digital Identity, Security & Online Fraud

Nigeria’s digital identity ecosystem project and five others initiatives have been approved by the World Bank in US.

World Bank, Nigeria, identity project, digital identity, government, private sector

World Bank offers USD 25 mln loan to strengthen public financial management in Sri Lanka

18 Dec 2019 | Payments General

The World Bank has approved a USD 25 million loan to Sri Lanka to improve the transparency of core government and public financial management functions.

World Bank, Sri Lanka, public financial management, governement lending, public sector, Ministry of Finance, Asia, APAC, Bank for Reconstruction and Development, The Public Sector Efficiency Strengthening Project

How to diversify into Latin America

16 Sep 2019 | Expert Opinion

If you want to expand your business in LATAM, you’ll need a focused and localised approach. Javier Vallaure from PPRO examines regional demographic and payment trends and what they mean for ecommerce retailers

PPRO, Javier Vallaure, LATAM, Latin America, payment, ecommerce, Peru, Argentina, Brazil, B2C commerce, World Bank Findex data, Worldpay Global Payments Report 2018, CMR Falabella, Uruguay, World Bank, payments trends

Demica to provide technology platform to IFC

11 Sep 2019 | E-invoicing, SCF & E-procurement

UK-based working capital solutions provider Demica has announced it will provide its technology platform for IFC’s Global Supplier Chain Finance.

Demica, IFC, Global Supplier Chain Finance, supply chain finance, partnership, UK, working capital solutions, World Bank Group,

World Bank selects Murex for treasury activities

17 Jun 2019 | Payments General

World Bank has selected Murex, provider of trading, risk and back-office solutions for treasury and capital markets as a platform to support its treasury activities.

World Bank, Murex, treasury, trading, bank, finance, liquidity

World Bank grants USD 4.65 mln for Tonga digital identity plan

23 May 2019 | Digital Identity, Security & Online Fraud

Tonga has revealed it is set to receive a USD 4.65 million grant from the World Bank to facilitate the country’s capacity for digital services delivery.

Tonga, digital identity, World Bank, national ID, civil registration, project management, ID number, cybersecurity, authentication, government

IMF, World Bank reveal quasi-crypto and private blockchain tech

16 Apr 2019 | Cryptocurrencies

The International Monetary Fund (IMF) and the World Bank have teamed up to launch a private blockchain and a so-dubbed quasi-cryptocurrency.

IMF, World Bank, launch, cryptocurrency, blockchain, quasi crypto, coin, crypto assets, smart contracts, money laundering, transparency

NEXT Biometrics becomes supplier for the POCRA project

04 Mar 2019 | Digital Identity, Security & Online Fraud

NEXT Biometrics has announced that it has been selected as supplier of Aadhaar-certified fingerprint readers for the POCRA project in India.

NEXT Biometrics, Aadhaar, POCRA, fingerprint, World Bank, authentication, government, bank accounts, payments, direct transfers