Alibaba’s money market fund Yu’ebao has added more than 140 million users in the past year and reversed a brief slide in the amount of money it manages, according to Tech in Asia. Ant Financial, the affiliate that Alibaba created for its financial services to...
Financial inclusion and the concept of the unbanked has become a buzzword when it comes to mobile payments innovations. Who are the unbanked, who are the mobile money companies reaching, and where are there still gaps? And why? These are the questions mobile money companies are working rapidly to solve as...
Yesterday (March 23) the Network Branded Prepaid Card Association (NBPCA) formally requested that the CFPB show “restraint” as it goes into its final rule making on prepaid products. “We appreciate the efforts of the CFPB staff to better understand the prepaid market, but we have...
The rate of global mobile money transfers continues to increase at a steady rate as the percentage of mobile remittances in 2014 doubled between January 2014 and January 2015, according to new research from Azimo, a mobile money company. The research concluded that millennials (ages 18-24) are the...
In the months and weeks after the shooting of Michael Brown by Ferguson police, the waves of protests and riots that followed have left the small business owners in the area with an expensive set of problems. As many as 26 businesses in the greater...
While the Code of Hammurabi is best known for the “eye for an eye” proclamation, it also deserves credit for being the first recorded instance in history where money was formally recognized as a tool of civil society. While less eye-catching than the retributive justice part,...
Across the Asia-Pacific region, each market is on its own path to secure digital transactions. In Australia, two-thirds of MasterCard transactions are already contactless in-store payments. In more emerging markets like Indonesia, consumers are just getting online to transact with mobile devices, but are well...
There are 2.5 billion in the world without a bank account. That number is familiar and been reported widely. What’s lesser known is that a majority of those 2.5 billion unbanked people are women. And that presents a problem not only for the women who,...
Equifax, Experian and TransUnion – the three biggest companies that collect and disseminate credit information on American consumers – have agreed to change how they report data on unpaid medical bills and how they address errors on user reports. Coming as part of an agreement with...
