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Posts tagged with COVID19

Tracking mobile money regulatory responses to COVID-19

GSMA

GSMA’s COVID-19 Response Tracker that monitors mobile money-specific regulatory policy, government, and provider interventions globally, is now public. The tracker which is updated weekly collates data from 32 countries, spread across Sub-Saharan Africa (17), East Asia & Pacific (7), South Asia (4), Middle East & North Africa (3), and Latin America & Caribbean (1).  Key

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PODCAST: Time to shine for innovative fintech lenders

AVL

AVL’s new podcast series features industry leaders discussing the impact of COVID-19 on their work. This episode features Jacob Haar, the Managing Partner at Community Investment Management (CIM) talking about how fintechs are uniquely positioned to respond to challenges and continue driving inclusive finance in this crisis. “Lending partners that have access to real-time data

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Snapshot of financial health during peak COVID-19

FIBR

BFA’s third wave of the rapid online “dipstick” surveys of low- and lower-middle-income respondents in  Ghana, India, Kenya, Mexico, Nigeria, South Africa, the UK, the US, and Vietnam show a further decline in people’s income, savings and increase in expenses especially in countries with the most severe lockdown measures. A summary of the findings  Income

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COVID-19 exposes opportunities as well as vulnerabilities for migrants’ remittances to Senegal

UNCDF

In Senegal, most remittance services operate over-the-counter cash collections but lockdown restrictions are making it hard for people to collect the money sent by relatives abroad. Even as remittances dwindle due to lockdowns in the countries where the migrant workers are based, UNCDF says more action is now needed to develop and scale up digital

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Impact of COVID-19 to the microfinance sector in Rwanda: Rapid survey and assessment

AFR

Microfinance institutions in Rwanda are struggling due to the effects of COVID19. Clients are taking out savings leaving the institutions with less liquidity, according to a recent rapid assessment of how MFIs and SACCOs have been affected by the Coronavirus in Rwanda.  According to the assessment by Access to Finance Rwanda, 95% of the microfinance

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Webinar Recap: The impact of COVID-19 on Financial Diaries respondents in Kenya

FIBR

In this webinar recording, FSD Kenya and BFA Global present key findings from research on the social, financial, and economic impact of COVID-19 on low-income Kenyans.  Webinar Presentation Read more blogs on how low-income Kenyans are coping with the changes in their lives induced by Coronavirus here.

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Financial services build resilience in face of crises like COVID-19

CGAP

CGAP's Elizabeth McGuinness argues that for households and families to recover from the effects of the ongoing COVID-19 pandemic, responses by policy makers and funders must consider which financial products can contribute to the resilience of which groups and under what conditions.

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In a no-touch world, tech can’t leave low-income people behind

AVL

Inclusive fintech has always had to find a balance between tech and human touch, but the global pandemic is shifting that balance, writes Accion Venture Lab’s Amee Parbhoo. In this blog, Parbhoo writes that during this time, fintechs have to continuously engage and support their customers especially low-income communities for whom in-person interactions are the

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Short-term fixes are not enough if SMEs are to survive COVID-19

FIBR

As the economic effects of the lockdowns worldwide begin to solidify, businesses large and small are collapsing, write BFA Global’s Coco Dong and Michelle Hassan.  In Kenya and China, small and medium enterprises are struggling to stay afloat. Given the difficulty in accessing government support, many owners have found their own solutions to stay in

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Financial inclusion and resilience for FDPs in the time of COVID-19

CGAP

According to UNHCR estimates, there are 70.8 million Forcibly Displaced Persons (FDPs) worldwide. The global COVID19 pandemic will have severe effects on not just their health but also on their ability to meet their most basic needs. In this timely blog, the authors call for a coordinated global response that ensures that the FDPs have

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