World Bank

The World Bank is an international financial institution that provides loans and grants to the governments of poorer countries for the purpose of pursuing capital projects. It comprises two institutions: the International Bank for Reconstruction and Development, and the International Development Association.

Source: en.wikipedia.org

COVID-19 Puts $100B Dent In Global Remittance Flows

COVID-19 Puts $100B Dent In Global Remittance Flows
COVID-19 Puts $100B Dent In Global Remittance Flows
April 22, 2020  |  Global Payments

The world remittance fall-off anticipated because of the coronavirus pandemic could have serious effects for numerous countries, according to a Financial Times report that cited the...

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EU Eases State Aid For Cos. As Banks Worldwide Pledge Help Funding
EU Eases State Aid For Cos. As Banks Worldwide Pledge Help Funding
March 17, 2020  |  Coronavirus

The coronavirus is spurring governments and companies to take action to help businesses and individuals. Here are the latest updates on the coronavirus around the...

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World Bank Downgrades India’s GDP Forecast
World Bank Downgrades India’s GDP Forecast
October 13, 2019  |  Economy

The World Bank has downgraded India’s GDP forecast due to a decrease in domestic demand. Get the Full Story Complete the form to unlock this...

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Deep Dive: How Digital ID Eases Access To Government Services In Africa And Asia
Deep Dive: How Digital ID Eases Access To Government Services In Africa And Asia
October 08, 2019  |  Authentication

The World Bank estimates that there are approximately 1.1 billion individuals worldwide without basic ID credentials — a significant obstacle when attempting to access essential...

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World Bank Lands $33M For Australian Blockchain Bond
World Bank Lands $33M For Australian Blockchain Bond
August 23, 2019  |  Investments

The World Bank announced it has raised $33 million from investors for its blockchain-based “Kangaroo” bond, Bond-i. Get the Full Story Complete the form to...

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Deep Dive: Why Cross-Border Payments Need Transparency Overhaul
Deep Dive: Why Cross-Border Payments Need Transparency Overhaul
August 16, 2019  |  Smarter Payments

FIs and enterprises are facing increased pressure to make cross-border payments fast and seamless as consumers grow used to such products in other sectors. The...

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World Bank, IMF Debut Private Blockchain And ‘Quasi-Cryptocurrency’
World Bank, IMF Debut Private Blockchain And ‘Quasi-Cryptocurrency’
April 15, 2019  |  Blockchain

The International Monetary Fund (IMF) and the World Bank are partnering up to launch a private blockchain and “quasi-cryptocurrency.” Get the Full Story Complete the...

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ENOC Taps Into Mobile Payments, Samsung Pay Comes To Australian Commuters
ENOC Taps Into Mobile Payments, Samsung Pay Comes To Australian Commuters
April 10, 2019  |  Global Payments

Welcome to The Axis, your late look at payments news from around the world. Coverage includes the U.A.E.’s ENOC’s launch of a mobile option for...

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Cross-Border Payment Efforts Look To Blockchain And Beyond
Cross-Border Payment Efforts Look To Blockchain And Beyond
April 03, 2019  |  B2B Payments

Banks and FinTechs have set their sights on cross-border payments, looking toward speeding up consumer and B2B payments while lowering costs. From Thailand to Canada,...

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