Remove 2012 Remove Non-Bank Remove Underserved
article thumbnail

The Journey of Payments and Clearing Systems in India

Finextra

Indigenous Banking (Shroffs and Mahajans): Long before modern banks, India had a thriving indigenous banking system. These banks introduced formal ledger-based accounting and cheque payments. This was a significant step towards non-cash payments but was slow and prone to errors.

article thumbnail

Checkout.com Review: Next Gen Payments

Fintech Review

Founded in 2012 and headquartered in London , Checkout.com offers full-stack payment solutions that serve some of the largest e-commerce, fintech, and digital companies in the world. That is including digital wallets, instant bank transfers, and buy-now-pay-later options, particularly tailored for regional preferences.

article thumbnail

Meet the 40 Fastest Growing Fintechs in Asia Pacific According to the Financial Times

Fintech News

The World Bank flagged in October 2023 that the region’s burgeoning economies would decelerate to 4.5% It offers a range of services including a white-label payment gateway for banks and institutions, and an all-inclusive payment gateway solution for merchants. #4

FinTech 105
article thumbnail

Fastest-Growing Asia Pacific Fintechs, According to the Financial Times (2025)

Fintech News

From bustling megacities to remote villages, digital finance is breaking down barriers, giving millions access to banking, credit, and investment opportunities for the first time. million Samrat Investments , also known as Samrat Financial Banking, offers what it says is the world’s first customisable personal savings platform.

FinTech 115
article thumbnail

Credit Union Helps US Marijuana Businesses Put Down Roots

PYMNTS

I think the credit union industry plays a very vital role in serving the underserved,” Sbrega said. So, when we started talking to our board of directors about entering the cannabis banking space, we really looked to our mission statement.”. The industry is looking for basic banking services,” she said. “If

article thumbnail

Online Lending And A Tale Of Two Fed Studies

PYMNTS

These conclusions are diametrically opposed to those released jointly just a few months ago by the Chicago and Philadelphia Fed economists, who determined that online lenders serve those who are systemically underserved by traditional financial channels and benefit greatly from their services. Cleveland’s Dark Outlook.

Fed 40
article thumbnail

We analyzed 7 of the fastest-growing personal finance apps of all time to figure out the secrets to their success — here’s what we learned

CB Insights

Acorns’ rock-bottom customer acquisition costs as driven by non-viral referral. For the non-exited companies — Robinhood, Acorns, Stash, and Credit Karma — we looked at which apps had the highest rates of user growth and what’s driving expansion. bank accounts. debit & credit cards. income information.

Finance 78