World Bank

55 results about this entity

Period: 21 Oct 2003 - 12 Jan 2024

IFC Invests in LMRKTS

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

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

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

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

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

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

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

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.

75% of world's poor unbanked but mobile phones revolutionising access

Around three quarters of the world's poor, living on less than $2 a day, do not have a bank account but mobile phones are helping to change this, according to a report from the World Bank.

IMF breached by cyber attackers

The World Bank has severed electronic links with the International Monetary Fund after warnings that IMF computer systems had been infiltrated by an unknown foreign power.

Three billion dollar virtual economy to fuel developing countries - World Bank

Virtual online currencies and digital work are helping to fuel growth and provide real income opportunities to poor and unskilled workers in developing countries, according to a World Bank study.

World Bank taps former Safaricom boss for mobile money expansion

The World Bank is tapping the expertise of former Safaricom boss Michael Joseph to advise on the expansion of mobile money programmes in member states.