Tag "IFC"
IFC, DBS Address Trade Finance Gap with US$500 Million Programme
The International Finance Corporation (IFC) and DBS Bank have unveiled a US$500 million financial initiative aimed at enhancing trade in emerging markets. This collaborative effort is part of IFC’s Global Trade Liquidity Programme (GTLP) and seeks to increase capital and
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13 Fintech Giants Back Programme Sirius to Promote MSME Sustainability in APAC
Programme Sirius has been launched to support Micro, Small, and Medium-Sized Enterprises (MSMEs) in the Asia-Pacific region on their path towards sustainability. With the backing of 13 fintech industry leaders from 11 economies, the programme aims to bolster MSMEs’ efforts
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IFC, MAS, and WEF Sign MOU to Boost Digital Inclusion in Emerging Economies
The International Finance Corporation (IFC), Monetary Authority of Singapore (MAS), and the World Economic Forum have committed to a Memorandum of Understanding, aiming to enhance digital inclusion in emerging and developing economies. This initiative seeks to address the disparities faced
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IFC Proposes US$250m Investment in Singapore’s DBS
The International Finance Corporation (IFC), a World Bank Group member, revealed in a disclosure that it plans to invest up to US$250 million in DBS, the leading Singapore-based financial services group. The IFC proposed investment involves a 50-50 equal risk-sharing
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IFC Acquires Stake in Collectius To Launch US$60M Investment Platform
Collectius, a credit management servicing company, will launch a US$60 million regional investment platform with IFC, a member of the World Bank Group who has also become a minority equity shareholder in the company. The platform is solely dedicated to
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PayMaya’s Parent Company Secures US$ 120 Million from Tencent, IFC, KKR and PLDT
PLDT, a major telco player from the Philippines, KKR, a Global investment firm, Tencent, the China-based internet giant, and IFC, a member of the World Bank Group announced the signing of agreements which will see the parties commit up to
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PLDT’s Voyager Seals US$40M Investment from IFC
Voyager Innovations, the fintech arm of the Philippines’ top digital telecommunications firm PLDT Inc, has sealed a US$40 million investment from International Finance Corp (IFC), and IFC Emerging Asia Fund with both acquiring a minority stake in the company. Voyager
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2 Game-Changing Developments From MAS that Happened in September 2018
Singapore has aspirations towards becoming a fintech hub in the ASEAN region, and global eyes have been raptly observing the island nation’s progress. Singapore is said to be welcoming of outside talents if they have a good idea to elevate
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ASEAN Financial Innovation Network: An Industry Fintech Sandbox to Drive Innovation and Inclusion
IFC, a member of the World Bank Group, the Monetary Authority of Singapore (MAS) and the ASEAN Bankers Association (ABA), introduced, an industry FinTech sandbox for financial institutions and FinTech firms as part of the ASEAN Financial Innovation Network (AFIN),
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