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

Today In Digital-First Banking: OCC OKs Stablecoins, INVNs For Banks; States Sue Banking Watchdog Over ‘True Lender’ Regulation
Today In Digital-First Banking: OCC OKs Stablecoins, INVNs For Banks; States Sue Banking Watchdog Over...
January 06, 2021  |  Digital-First Banking

In today’s top news in digital-first banking, the Office of the Comptroller of Currency (OCC) has OK’d independent node verification networks (INVNs) and stablecoins for...

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World Bank’s Projected 4 Pct Global Economic Growth Hinges On Vaccinations
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The global economy is anticipated to grow 4 percent this year, providing COVID-19 vaccines are widely launched, according to The World Bank’s January 2021 Global...

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October 29, 2020  |  Global Payments

The pandemic is affecting the amount of money migrant workers can send home, with remittances projected to drop 7 percent this year to $508 billion...

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Pleo Launches Expense Management Tool Pleo Pocket
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October 29, 2020  |  B2B Payments

Pleo is offering new services bundled under the brand Pleo Pocket that will make it easier for businesses to centralize financial information, according to a...

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Today In Payments Around The World: Flywire Joins Forces With BELTA; EMQ Provides High-Value Settlement In Japan
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In today’s top payments news around the world, Flywire has teamed with the Brazilian Educational & Language Travel Association on payment options for students studying...

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Pandemic Will Push 150M Into ‘Extreme Poverty’ By 2021, World Bank Says
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The COVID-19 pandemic is accelerating a rise in global extreme poverty, the first time there has been an uptick since before 2000, the World Bank said on...

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Money Transfer Startup Remitly Nets $85M On $1.5B Valuation
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Remitly, which works to provide remittances and financial services for immigrants, announced an $85 million funding round amid a worldwide surge in demand for those...

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High Tech Microlending — And Why Chickens Hatch Great ROI
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June 08, 2020  |  Loans

The World Bank distributes about $25 billion a year to countries through governments that identify areas where investment is needed and capital can be deployed...

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