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RBI’s innovation Arm, IIMA Ventures Launch Startup Program for Women’s Financial Inclusion

The program is currently inviting applications from startups working on gender-inclusive financial solutions, targeting those with a demonstrable minimum viable product and having received pre-seed to pre-Series A funding, or generating revenues or traction.

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Microfinance Provider Sindhuja Microcredit Raises $14.5 Million From GAWA Capital, Oikocredit

The capital will be used in funding expansion to new geographies and existing ones along with new product lines.

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India Making Rapid Strides in Bridging Digital Payments Divide: Mastercard

In the current environment there has been significant growth in adoption of contactless payments, both globally and in India.

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Coronavirus or Demonetization? Which One Helped India’s Digital Payment More?

The value of transactions on the Unified Payments Interface, a platform created by India’s largest banks in 2016, reached an all-time high last month as people feared to handle banknotes amid the pandemic.

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Digital Lending Post COVID: How Micro-Credit Holds the Key for Small Merchants, Customers to Bounce Back

Credit and Finance for MSMEs: Digital lending platforms with the principles of financial inclusivity will emerge as the heroes of the financial crisis.

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Sri Lanka’s Economy Hit by Coronavirus: Decline in Earnings From Tourism, Remittances

The unprecedented crisis triggered by the coronavirus pandemic has severely dented Sri Lanka’s economy, causing a steep fall in the earnings from tourism, remittances and outflow of foreign investment, the nation’s central bank has said.

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India: Bill Payments Drive Digital Payment Volume Recovery in First Half of May

A number of people who were earlier used to paying their utility bills in cash may have shifted to the digital channels during the lockdown, they added.

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Bangladesh: Expatriates Opt for bKash to Send Remittance Safely Amid COVID-19 Crisis

In this worldwide 'lockdown' situation enforced for preventing COVID-19, expatriate Bangladeshis are relying on online-to-wallet money transfer service to send remittance to their loved ones back home.

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Unbanked Firms Stand to Miss Out

Often bypassed by banks, the informal sector is unlikely to get much benefit from the government's Tk 727.50 billion stimulus package, fear economists.