Credit was given for the first time in 4,000 B.C. when the Sumerian people started building the world’s earliest cities. In the Sumerian town of …
Credit sanctions to pick up traction as base effect fades, say NBFCs
The business activity in the last quarter of FY23, January-March, was average compared with the same period a year earlier. This reflects the pent-up demands …
Lists of financial institutions
The ECB keeps a list of these groups of institutions based on the information provided by the European System of Central Banks members. Monetary Financial …
Accelerating toward greater financial inclusion
The survey of 300 senior executives in the financial services industry revealed that progress had been made in reaching underserved and unserved customers, but also …
Financial markets under the global pandemic of COVID-19
You can also read about it here. Global financial markets are affected by the rapid spread of COVID-19 (coronavirus). Investors have suffered significant losses quickly …
Expanding digital financial services can help developing economies cope with crisis now and boost growth later
For some time, the World Bank has known that increasing digital financial products and services benefits economic growth and poverty reduction. We’ve seen in our …
Financial Inclusion
Financial inclusion is the ability of individuals and companies to access practical, affordable, and appropriate financial products and services. This includes transactions, payments, and savings, …
How can digital financial services help a world coping with COVID-19?
According to the recently published Global Economic Prospects, the global economy is expected to contract more than 5 percent in 2020 due to COVID-19. Globally, the …
Five challenges prevent financial access for people in developing countries
Many people in developing nations still need access to financial services and infrastructure, including the debit cards, credit cards, or payment systems that they use. …
Taking stock of the financial sector policy response to COVID-19 around the world
The COVID-19 pandemic caused a massive financial shock, triggering an unprecedented global recession. This has put pressure on the financial sector. To reduce the impact …