MSME-Champions

Global Consumer Credit Market Report 2023: High Economic Growth for Micro-enterprises Bolsters Growth - ResearchAndMarkets.com

Retrieved on: 
Thursday, May 25, 2023

Furthermore, high economic growth for micro-enterprises, especially in developing nations, is also providing a boost to the market growth.

Key Points: 
  • Furthermore, high economic growth for micro-enterprises, especially in developing nations, is also providing a boost to the market growth.
  • Moreover, the increasing use of social media platforms by consumer credit agencies for better market connectivity and penetration is contributing to the market growth.
  • The publisher provides an analysis of the key trends in each sub-segment of the global consumer credit market report, along with forecasts at the global, regional and country level from 2023-2028.
  • Our report has categorized the market based on credit type, service type, issuer and payment method.

Governor Ganjar Pranowo releases Indonesian MSME product for export, valued at IDR7billion

Retrieved on: 
Tuesday, May 16, 2023

4 containers of MSME product were released in Purwokerto, Central Java Province, while 3 containers were dispatched from Purbalingga and Pati.

Key Points: 
  • 4 containers of MSME product were released in Purwokerto, Central Java Province, while 3 containers were dispatched from Purbalingga and Pati.
  • The 7 containers of export products included essential oils, organic coconut sugar, processed foods, brooms, organic palm sugar, and handicrafts.
  • Central Java Governor Ganjar Pranowo released seven containers of local MSME product for export to Asia, the Middle East and America.
  • Following the export release, Governor Ganjar Pranowo stated that the support provided by the local government and MSME activists had yielded results.

Indonesia ensures readiness for the 42nd ASEAN Summit Labuan Bajo

Retrieved on: 
Monday, May 8, 2023

JAKARTA, May 8, 2023 - (ACN Newswire) - Indonesia, the current holder of the ASEAN Chairmanship, will host the 42nd ASEAN Summit in Labuan Bajo, East Nusa Tenggara, on May 9-11, 2023.

Key Points: 
  • JAKARTA, May 8, 2023 - (ACN Newswire) - Indonesia, the current holder of the ASEAN Chairmanship, will host the 42nd ASEAN Summit in Labuan Bajo, East Nusa Tenggara, on May 9-11, 2023.
  • With the "ASEAN Matters: Epicentrum of Growth" chairmanship theme, Indonesia directed ASEAN cooperation in 2023 to continue strengthening the bloc's relevance to new challenges.
  • Moreover, to facilitate the delegates and other participants, particularly the media, Indonesia ensured that the digital infrastructure and public communication network for the 42nd ASEAN Summit in Labuan Bajo would be adequate.
  • Additionally, ten top local micro, small, and medium enterprises (MSMEs) will showcase their products during the 42nd ASEAN Summit at Meruorah Hotel, Labuan Bajo, on May 9-11.

ammune.ai and Traxion Tech Announce Strategic Partnership to Strengthen API Security in the Philippines' Finance Industry

Retrieved on: 
Thursday, May 4, 2023

ammune.ai (formerly L7 Defense), an API security leader, and Traxion Tech, a fintech pioneer, have forged a strategic partnership to bring AI security solutions to the Philippines.

Key Points: 
  • ammune.ai (formerly L7 Defense), an API security leader, and Traxion Tech, a fintech pioneer, have forged a strategic partnership to bring AI security solutions to the Philippines.
  • As Open banking gains momentum, financial organizations are more susceptible to cyber threats, making advanced AI and API security measures essential.
  • Ammune.ai and Traxion Tech are committed to offering sophisticated cybersecurity solutions for the Philippine finance industry.
  • Mr. Tomer Heyvi, Head of Israel's Economic Mission to the Philippines, congratulated Traxion Tech and ammune.ai for its newly established partnership.

Press release - Deal on geographical protection for local craft and industrial products

Retrieved on: 
Wednesday, May 3, 2023

This new mechanism will not just help with raising the awareness of traditional products from less-developed regions, attract tourists and create jobs.

Key Points: 
  • This new mechanism will not just help with raising the awareness of traditional products from less-developed regions, attract tourists and create jobs.
  • Background
    The protection of geographical indications for agricultural products at EU level has been in place for many years.
  • MEPs already called for the EU-wide protection of locally manufactured products in 2015.
  • In 2019, they reiterated their call following the EU accession to the Geneva Act, allowing for the global recognition of local non-food products.

India Embedded Finance Business and Investment Opportunities Databook 2023: B2B Embedded Lending Firms are Experiencing Strong Growth in Loan Disbursal - ResearchAndMarkets.com

Retrieved on: 
Thursday, April 6, 2023

The "India Embedded Finance Business and Investment Opportunities Databook - 50+ KPIs on Embedded Lending, Insurance, Payment, and Wealth Segments - Q1 2023 Update" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • The "India Embedded Finance Business and Investment Opportunities Databook - 50+ KPIs on Embedded Lending, Insurance, Payment, and Wealth Segments - Q1 2023 Update" report has been added to ResearchAndMarkets.com's offering.
  • The embedded finance industry is expected to grow steadily over the forecast period, recording a CAGR of 36.3% during 2023-2029.
  • In India, embedded finance has created new growth avenues for new-age digital business and traditional financial service providers.
  • B2B embedded lending firms are experiencing strong growth in loan disbursal in India.

India Embedded Finance Business and Investment Opportunities Databook - 50+ KPIs on Embedded Lending, Insurance, Payment, and Wealth Segments - Q1 2023 Update

Retrieved on: 
Tuesday, April 11, 2023

DUBLIN, April 11, 2023 /PRNewswire/ -- The "India Embedded Finance Business and Investment Opportunities Databook - 50+ KPIs on Embedded Lending, Insurance, Payment, and Wealth Segments - Q1 2023 Update" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • DUBLIN, April 11, 2023 /PRNewswire/ -- The "India Embedded Finance Business and Investment Opportunities Databook - 50+ KPIs on Embedded Lending, Insurance, Payment, and Wealth Segments - Q1 2023 Update" report has been added to ResearchAndMarkets.com's offering.
  • In India, embedded finance has created new growth avenues for new-age digital business and traditional financial service providers.
  • The embedded finance revenues in the country will increase from US$5,330.0 million in 2023 to reach US$23,451.6 million by 2029.
  • This report provides a detailed data centric analysis of market opportunity across 50+ segments in embedded finance industry covering lending, insurance, payment, wealth and asset based finance sectors.

WeBank Recognized as "Best Global Digital-Only Bank" by The Asian Banker

Retrieved on: 
Thursday, April 6, 2023

In addition, WeBank received two awards, namely "Best Digital-Only Bank in Asia Pacific" and "Best Chatbot/Voice Banking Service".

Key Points: 
  • In addition, WeBank received two awards, namely "Best Digital-Only Bank in Asia Pacific" and "Best Chatbot/Voice Banking Service".
  • Sponsored by The Asian Banker, the leading provider of strategic intelligence and community platforms in the financial services industry, the TAB (The Asian Banker) Global Excellence in Retail Financial Services Awards 2023 were presented at the recent Excellence in Retail Financial Services Convention 2023 in Hanoi, Vietnam.
  • As a world-leading digital bank and China's pioneer digital bank, WeBank has always leveraged technology to drive business growth.
  • The winners of the awards are determined by international researchers and advisors of the Asian Banker based on their evaluations, investigations, and interviews.

World Trade Board launches plan to empower SMEs through trade and finance

Retrieved on: 
Monday, March 27, 2023

LONDON, March 27, 2023 /PRNewswire/ -- The World Trade Board has today opened consultation on a major new framework to increase access to trade finance for MSMEs. Developed with contributions from major industry bodies and international stakeholders, the Financial Inclusion in Trade Roadmap identifies five key areas where coordinated action can make a significant impact. Crucially, the Roadmap aims to accelerate the pace of change by providing a holistic framework for public and private sector collaboration.

Key Points: 
  • LONDON, March 27, 2023 /PRNewswire/ -- The World Trade Board has today opened consultation on a major new framework to increase access to trade finance for MSMEs.
  • MSMEs make up around 90% of businesses globally, but accounted for just 23% of applications for trade finance in 2020.
  • Michael Vrontamitis, Deputy Chair of the World Trade Board, said: "Difficulty accessing finance means MSMEs are greatly under-represented in global trade.
  • The Financial Inclusion in Trade Roadmap can be found at the World Trade Symposium website and feedback should be sent to [email protected] .

World Trade Board launches plan to empower SMEs through trade and finance

Retrieved on: 
Monday, March 27, 2023

LONDON, March 27, 2023 /PRNewswire/ -- The World Trade Board has today opened consultation on a major new framework to increase access to trade finance for MSMEs. Developed with contributions from major industry bodies and international stakeholders, the Financial Inclusion in Trade Roadmap identifies five key areas where coordinated action can make a significant impact. Crucially, the Roadmap aims to accelerate the pace of change by providing a holistic framework for public and private sector collaboration.

Key Points: 
  • LONDON, March 27, 2023 /PRNewswire/ -- The World Trade Board has today opened consultation on a major new framework to increase access to trade finance for MSMEs.
  • MSMEs make up around 90% of businesses globally, but accounted for just 23% of applications for trade finance in 2020.
  • Michael Vrontamitis, Deputy Chair of the World Trade Board, said: "Difficulty accessing finance means MSMEs are greatly under-represented in global trade.
  • The Financial Inclusion in Trade Roadmap can be found at the World Trade Symposium website and feedback should be sent to [email protected] .