November 12, 2024
Unbanked Rate Among US Households Declines to Record Low

The percentage of households in the United States that are unbanked declined to a record low in 2023. At 4.2% of U.S. households, or 5.6 million, the percentage of households...

November 11, 2024
Ualá Eyes Banking Expansion After $2.75 Billion Valuation

Argentina’s Ualá has reportedly raised $300 million, valuing the FinTech at $2.75 billion. “We’re going to use this to scale Argentina, where my goal is to be the largest bank in...

November 11, 2024
CEO Interview: Pay-as-You-Go Options Help LatAm Consumers Battle ‘Prepaid Fatigue’

In Latin America, where many consumers are unbanked or underbanked, roughly three-quarters of consumers don’t have credit cards, so prepaid cards are widely used to pay for everything from streaming...

November 04, 2024
Discover Global Network: Connected Devices lead the way to the...

From touchless digital payments experiences to connected vehicles, technology provides opportunities for innovation and collaboration across many industries, including payments. Connected devices offer consumers the ability to quickly adopt digital...

November 03, 2024
Mexican Banking FinTech Klar Aims for 2026 IPO

Mexican FinTech Klar is reportedly aiming to go public at the end of 2026. Juan Sarmiento, the company’s vice president of finance, told Bloomberg News Saturday (Nov. 2) that Klar...

October 07, 2024
Mastercard and Paysend Launch Remittance Solution in Mexico

Mastercard and Paysend partnered to launch the Paysend Libre remittance solution in Mexico. Paysend Libre uses a virtual Paysend Mastercard to provide a secure way to receive remittances, even if...

October 04, 2024
Big Banks Joust With Neobanks for Lower-Income Consumer Accounts

There’s a commonality in financial services — for brick-and-mortar players and for several FinTechs, though the approach may differ: Serving the needs of lower-income households. The big banks have lost...

September 27, 2024
Trinidad and Tobago Partners With UPI Developer NPCI to Develop...

Trinidad and Tobago is working with a subsidiary of NPCI, the developer of India’s Unified Payments Interface (UPI), to implement a similar solution in the Caribbean nation. NPCI International Payments Ltd., a...

September 25, 2024
LatAm Draws FinTechs Seeking to Transform Digital Banking

Digitally savvy, younger consumers with mobile devices in hand. Underbanked and even unbanked populations ripe for financial inclusion. A regulatory environment conducive to digital innovation. It comes as no surprise,...