Cities work to bring fintech to underserved communities
Payments Source
MAY 23, 2021
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Payments Source
MAY 23, 2021
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Finextra
MAY 20, 2024
Today JPMorgan Chase expanded its commitment to the United Kingdom by announcing £40 million in new investments over five years to help connect young people and underserved communities to economic opportunities – bringing the firm’s total commitment since 2019 to £90 million.
Payments Dive
DECEMBER 13, 2019
As cashierless shopping becomes more popular, a stark disparity is coming to light — the underbanked are getting left behind. In this blog post, Plain Green's Guy Dilger talks about the move away from cash and how some cities are fighting back.
The Payments Association
AUGUST 16, 2024
SMEs are, globally, the lifeblood of economies but perennially underserved and overlooked by the payments industry. This must change and, with the UK leading the charge, it is clear where to start. Read more
Payments Dive
APRIL 28, 2020
Spurred on by rapid change in government regulations and millions of underserved consumers in the finanical space, Brazil may be on the verge of becoming a major player in the global fintech space.
Fintech Finance
OCTOBER 9, 2024
The British fintech company Pockit and the pan-European fintech Monese today announce that they have agreed terms for Pockit to acquire Monese, subject to Change in Control approval by the FCA, creating the leading fintech for the financially underserved and lower-middle-income consumers across the UK and Europe.
The Fintech Times
APRIL 22, 2024
Codebase Technologies , a UAE-based fintech platform provider, has launched its ‘Digibanc SME Financing’ platform to address the needs of underserved Micro, small, and medium-sized enterprises (MSMEs) across MENA and APAC.
DeckCommerce
OCTOBER 3, 2024
Identify if your business has outgrown its tech stack or is underserved by its technology and explore solutions for better alignment and growth.
Finovate
MAY 10, 2024
Experian launched Cashflow Attributes, a tool to offer lenders more data about underserved consumers. Information services company Experian unveiled Cashflow Attributes yesterday, a new solution that leverages open banking to help underserved consumers access fair and affordable credit.
Payments Source
JANUARY 6, 2021
In launching its new challenger bank brand, GO2bank, to take on Chime and others, Green Dot has taken the opportunity to lower the barrier to obtaining a secured card for the underserved.
Fintech Finance
NOVEMBER 26, 2024
Tranglo’s seamless payout network enables users to send and receive funds through mobile wallets, bank accounts, and cash pickup locations, offering greater financial access to underserved populations. Tranglo helps financial institutions and businesses pay through Tranglo Connect, its proprietary cross-border payments solution.
Payments Source
SEPTEMBER 2, 2020
The OCC’s efforts to bring the technology into the financial mainstream could help people in underserved communities execute payments more securely.
The Fintech Times
AUGUST 20, 2024
By leveraging the TrueMoney platform, Igloo plans to extend the reach of essential insurance products to the underserved and those residing in remote areas, helping to bridge the protection gap. This partnership is a testament to our commitment to innovation and inclusivity in the insurance industry.”
The Fintech Times
APRIL 28, 2024
Therefore, the partnership is directly tackling the challenges encountered by the financially underserved creator economy. The post Accelerated Payments and inflverse Tackle Challenges Faced by Underserved Creator Economy appeared first on The Fintech Times.
Payments Source
MARCH 2, 2021
The overwhelming success of Square’s bitcoin trading service creates new opportunities for its bank to work with underserved markets.
TechCrunch Fintech
APRIL 11, 2024
Lerato Motloung is a mother of two who works in a supermarket in Johannesburg, South Africa. After her phone was stolen, Motloung had to go without a mobile phone for nine months because she could not afford a new one. Then, in February 2024, she saw a sign about PayJoy, a startup that offers lending […] © 2024 TechCrunch.
The Fintech Times
APRIL 9, 2024
As BaaS evolves, it is helping fintech innovation reach new markets and underserved communities; which has the potential to greatly improve financial inclusion across the globe. Banking-as-a-Service (BaaS) describes the concept that enables non-bank platforms to access banking capabilities traditionally only offered by licensed banks.
Finextra
MAY 29, 2024
The Interledger Foundation, an organisation dedicated to the creation of an open, interoperable payment network, is promising to fund fintechs that use its protocol to bring payments to emerging markets and underserved populations.
The Nilson Report
JUNE 18, 2024
The post i2c and Affiniti Finance Partner to Expand Financial Access for America’s Underserved Small Businesses appeared first on Nilson Report.
Fintech Finance
JUNE 18, 2024
This collaboration aims to enhance ZORRZ’s mission of providing responsible access to credit for underserved communities. “Our partnership with CLOWD9 enables us to deliver an innovative and inclusive solution that breaks down barriers and empowers underserved communities to achieve financial independence.”
Payments Dive
AUGUST 14, 2023
The installment payments company aims to more than double its B2B merchant sales volume by mid-next year, CEO Nandan Sheth said.
The Fintech Times
APRIL 10, 2024
The post Kueski Launches In-Store Mobile Payments to Support Underserved Banking Customers in Mexico appeared first on The Fintech Times. Kueski now estimates that one in four of the top e-commerce merchants in Mexico is offering its BNPL service.
Fintech News
SEPTEMBER 19, 2024
The aim is to enhance financial access for underserved retail customers and small businesses. The consortium, which holds over 20 financial service licenses across five Asian markets, aims to create an AI-driven virtual bank that empowers underserved communities through advanced technology.
The Fintech Times
MARCH 26, 2024
These innovative technologies not only enable insurers to streamline operations and enhance customer experiences but also play a pivotal role in extending financial services to underserved communities. “These solutions enhance accessibility by providing digital insurance options tailored to the needs of underserved communities.
TechCrunch Fintech
APRIL 14, 2024
This week, we’re looking at how two fintech companies serving the underserved are faring, and more! Welcome to TechCrunch Fintech! To get a roundup of TechCrunch’s biggest and most important fintech stories delivered to your inbox every Sunday at 7:00 a.m. PT, subscribe here.
Fintech News
JANUARY 15, 2024
Operating in Indonesia, Singapore, Thailand, and Vietnam, Validus utilises proprietary data and AI to provide financing solutions to underserved SMEs. We have been impressed by the quality of the team, focused business model and strong credit underwriting track record serving the SME sector in the region”.
Fintech News
JUNE 18, 2024
This investment from global nonprofit Accion aims to help Amartha expand its platform, offering a full range of financial products and services to underserved women-led small businesses in rural Indonesia using data and AI. Indonesian microfinance fintech company Amartha has secured a US$17.5
Fintech News
JULY 30, 2024
Launched two years ago, GXS focuses on serving financially underserved groups, including gig economy workers and small businesses, primarily through the Grab app. According to Bloomberg , the bank’s losses expanded to US$152.1 million in 2023, up from US$113.7 million the previous year, as it accelerated its operations.
Fintech Finance
JUNE 24, 2024
The Principal licence also enables Pyypl to issue virtual and physical prepaid Visa cards, through its accessible mobile application, directly to its hundreds of thousands of active users – elevating its users from cash, mobile money and being financially underserved to the world of digital payments.
The Payments Association
MARCH 22, 2024
Exploring how the payments industry can innovate to mitigate the UK's cost of living crisis, this article highlights fintech's role in aiding the newly underserved towards financial resilience and inclusivity Read more
Fintech News
JULY 1, 2024
With Oikocredit’s support, Batumbu will be better positioned to offer tailored financing solutions to underserved SMEs across multiple provinces of Indonesia, where banking presence is often thin, driving financial inclusion and fostering entrepreneurship. Together, we aim to create a lasting impact on the Indonesian economy.”
Fintech Finance
JULY 18, 2024
In a world where SMEs are underserved by banks, wamo provides access to a digital business account within 24 hours and human-led customer support to make managing their money easy. wamo’s mission is to break down the barriers that SMEs face when growing their business in the EU and UK.
Fintech News
DECEMBER 1, 2024
Despite their crucial role in economic growth and job creation, nearly half of all MSMEs in Asia and the Pacific are either unserved or underserved by financial institutions. The partnership seeks to address the significant credit gap faced by MSMEs in the region, which is estimated at US$2.5
Finextra
OCTOBER 9, 2024
Pockit, a UK fintech that provides financial services to low-income and underserved customers, has agreed terms to acquire struggling mobile banking outfit Monese.
Fintech Review
JULY 10, 2024
As a result, DeFi is gaining traction rapidly due to its ability to provide financial services to those who have been historically underserved by conventional banking systems. Potential for Financial Inclusion: Bridging the Gap DeFi holds immense promise for fostering financial inclusion by providing services to underserved populations.
Fintech News
NOVEMBER 4, 2024
Capital C plans to use the funds to expand its operations into new Southeast Asian markets and develop a superapp that will provide a range of financial services to underserved communities, including the unbanked and those with limited credit history.
Finextra
OCTOBER 3, 2024
JPMorganChase today announced plans to hire an additional 75 community managers by 2030 to provide greater access to banking, tools and advice, and help customers get on a path to financial health and resilience.
Fintech News
OCTOBER 28, 2024
Finfra reported that it has facilitated over US$65 million in credit for underserved Indonesian businesses since its establishment in 2022. Existing investors in Finfra include Hustle Fund, Firstpick, DS/X Ventures, Seedstars, Fintech Nation Fund, BADideas Fund, and Gold Dragon Ventures.
Fintech News
OCTOBER 21, 2024
This solution enables seamless, real-time cross-border payments to over 3 billion mobile wallets, empowering financial institutions to deliver faster, more transparent transactions while enhancing financial inclusion in underserved regions.”
Fintech News
OCTOBER 13, 2024
Helicap, a fintech firm focusing on private debt opportunities, aims to address Southeast Asia’s US$500 billion funding gap by providing capital to underserved sectors. This comes at a time when fintech startups in Southeast Asia raised US$899.3
Fintech News
APRIL 14, 2024
Schwin Chiaravanont “Private credit represents an underserved yet compelling asset class that complements our group. Additionally, 9Basil Group co-founders Schwin Chiaravanont and Kris Panijpan will join the Board of Directors of AlteriQ. ” said Schwin Chiaravanont, Co-founder of 9Basil Group.
Fintech News
SEPTEMBER 1, 2024
Harish Venkatesan Harish Venkatesan, Head of Corporate and Business Banking, HSBC Singapore said, “As one of the leading MSME digital financing players in the ASEAN region, we are pleased to support Validus in playing an instrumental role in promoting financial inclusion to underserved small businesses in this region.
The Fintech Times
NOVEMBER 26, 2024
Tranglo’s seamless payout network enables users to send and receive funds through mobile wallets, bank accounts, and cash pickup locations, also offering greater financial access to underserved populations.
Fintech News
JANUARY 7, 2024
We will continue to innovate and bring meaningful impacts to Indonesia’s massive population base, especially the underserved yet promising MSMEs in tier 2 and 3 cities.” We firmly believe that rural bank digitisation is pivotal to nurture financial inclusivity in Indonesia. ” said Hendry Lieviant, Co-Founder & CEO of KOMUNAL.
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