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Mobile Banking Firm Chime Gets $14.5B Valuation With New Funding

PYMNTS

Mobile banking upstart Chime has completed funding that has provided the firm with a $14.5 Chime, which CEO Chris Britt co-founded in 2013, provides clients mobile banking accounts without charges, debit cards and automated teller machine (ATM) access. billion valuation, CNBC reported.

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N26 Rolls Out US Mobile Banking

PYMNTS

is launching its banking app in the United States. subsidiary of N26 GmbH, which was described in an announcement as one of the fastest growing mobile banks in Europe. The company plans to also roll out additional perks as well as two free withdrawals monthly at automated teller machines (ATMs) across the country.

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N26 Introduces New Subscription Money Management Tools

PYMNTS

Also included are five no-charge ATM withdrawals each month. N26 is the pioneer of a freemium subscription model in banking. The online-only challenger bank offers self-employed freelancers or subcontractors subscription benefits via N26 Business Smart.

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Digital Bank N26 Offers New Perk Partners To US Debit Card Users

PYMNTS

subsidiary of Germany’s mobile bank N26 has expanded its Perk partnerships for debit cardholders, the company said in a press release on Tuesday (Dec. One of Europe’s fastest-growing mobile banks, N26 also offers direct deposit customers the ability to get their salary up to two days early.

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Chase Tries To Win Over More Unbanked Consumers

PYMNTS

The financial institution on Monday (March 18) “began offering checkless accounts with access to its mobile app, branches and ATMs for $4.95 The account had no monthly fee, as long as the customer accessed statements online and did not use a bank teller. The percentage of unbanked people in the U.S. households remain unbanked.

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National Strategy of Papua New Guinea Focuses on Financial Inclusion as Gender Gap Remains

The Fintech Times

Efforts to improve it have been ongoing for over a decade, as in 2013, Papua New Guinea’s National Executive Council (NEC) endorsed the creation of the the Centre for Excellence in Financial Inclusion (CEFI). Despite these advancements, the country still faces a lot of challenges.

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Mobile: Why Smartphone Banking Usage Rates Have Stalled

Fintech Labs Insights

The Fed''s latest mobile banking/payments usage numbers ( full text ) were bouncing around the fintech blogosphere last week. The only sour note was the flatline of mobile banking usage among smartphone owners. Why has smartphone mobile banking stalled? Partly, it''s just a normal plateau. Education helps.