17 January 2018
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Latest articles for World Bank

 

Mobile lender WeLab scoops $220 million in financing

08 November 2017  |  4095 views  |  0 News

Alibaba, Credit Suisse, and the World Bank's International Finance Corporation have joined in a $220 miliion Series B and debt financing round for Hong Kong-based mobile lender WeLab.

 

IFC Invests in LMRKTS

07 June 2017  |  2692 views  |  0 Company announcement

International Finance Corporation (“IFC”), a member of the World Bank Group, and LMRKTS are pleased to announce an equity investment by IFC in LMRKTS to help expand LRMKTS into the emerging markets.

 

World Bank selects Asset Control for data management

19 May 2016  |  2021 views  |  0 Company announcement

Asset Control, a leading provider of financial data management solutions, is proud to announce that it has been selected by The World Bank Group.

 

Remittances edge up slightly in 2015 as more banks pull back

22 April 2016  |  4142 views  |  0 Company announcement

Remittances to developing countries grew only marginally in 2015, as weak oil prices and other factors strained the earnings of international migrants and their ability to send money home to their families, says the World Bank’s latest edition of the Migration and Development Brief, released today.

 

World Bank reports big drop in numbers of unbanked

16 April 2015  |  9804 views  |  10 News

A new report from the World Bank has recorded a massive 20% drop in the numbers of unbanked consumers, as 700 million adults worldwide joined the formal banking system and became account holders between 2011 and 2014.

 

Remittance costs in the spotlight as values grow

09 October 2014  |  7230 views  |  3 News

A World Bank report puts the global amount of remittances in 2014 at $582 billion and estimates that migrants paid an average of 7.9% in fees on these money transfers.

 

IFC invests $7 million in SafetyPay

15 July 2013  |  3995 views  |  0 News

World Bank development investment offshoot IFC has invested $7 million in SafetyPay, a US-based company that enables consumers to pay for goods and services over the Web direct from their own bank account.

 

World Bank calls for payments deregulation to boost remittance flows

23 November 2012  |  9505 views  |  2 News

Remittance flows to the developing world are expected to total $406 billion this year, says the World Bank, but the promise of mobile remittances has yet to be fulfilled.

 

Mobile phone access reaches three-quarters of planet's population

19 July 2012  |  9848 views  |  0 News

Around three-quarters of the world's population now have access to a mobile phone, sparking the creation of an emerging 'app economy', according to a new report by the World Bank.

 

IFC invests in Russian data centre operator IXcellerate

30 May 2012  |  1856 views  |  0 Company announcement

IFC, a member of the World Bank Group, is making a $2.6 million (RUB 83 million) equity investment in datacenter operator IXcellerate to support the construction of a major data facility, expanding access to information technology infrastructure for businesses in Russia.

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