World Bank

55 results about this entity

Period: 21 Oct 2003 - 12 Jan 2024

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Remittance costs in the spotlight as values grow

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

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

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

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

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

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

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

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.

World Bank announces 'Apps for Development' competition

World Bank announces 'Apps for Development' competition

The World Bank is to announce an "Apps for Development Competition", challenging the developer community to create tools, applications, and mash-ups of development data.

Google mashes up World Bank data

Google mashes up World Bank data

Google has added a raft of economic statistics from the World Bank to its new "public data" search facility.

World Bank calls for financial services expansion in emerging markets

World Bank calls for financial services expansion in emerging markets

The cost of financial transactions in the developing world could be reduced by as much as 80% through a reform of inefficient payment and securities systems, according to the World Bank.

Wipro banned from World Bank contracts

Wipro banned from World Bank contracts

The reputation of India's IT services industry took another blow today after it emerged that Wipro has been barred from working for the World Bank, less than a month after it was revealed Satyam Computer Services has been blacklisted by the institution.

World Bank under siege from hackers

World Bank under siege from hackers

The World Bank's computer network has been raided by hackers on numerous occasions over the last year, putting financial data at risk, according to a report by US network Fox News.

ICICI Bank to deliver kiosk-based e-banking to rural India

ICICI Bank to deliver kiosk-based e-banking to rural India

ICICI Bank is teaming with Californian computer services firm Wyse Technology and Bangalore IT consultancy Comat Technologies to deliver electronic banking services to remote and isolated communities in India.

JPMorgan unveils upgrade and customer wins for Horizon

JPMorgan unveils upgrade and customer wins for Horizon

JPMorgan Treasury Services has introduced a Chinese-language version of Horizon, it's operational risk management solution, and announced new customer wins at the Bank of China's US operations and the World Bank. The US investment bank has also won approval to operate its Internet banking services in India and China.

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