Search results for "unbanked"

January 25, 2023
Crypto Banks Hit Reset While Shedding Risky Innovation Ambitions

Smaller banks that sought to serve once-hot sectors like cryptocurrency are now exiting those verticals. This, as long-time crypto industry partner Silvergate Bank reports steep quarterly losses tied to $8.1...


January 25, 2023
ZoodPay and Mastercard Launch Virtual BNPL Card

ZoodPay and Mastercard have teamed up to launch a prepaid virtual installment card. The new card was announced in a joint press release on Monday (Jan. 23), and will allow...


January 19, 2023
NYDFS Slaps Cap on Check Cashing Fees

Check cashing fees are getting a makeover in New York. New York’s Department of Financial Services said Wednesday (Jan. 18) that it is updating regulations and methodologies tied to check...


January 19, 2023
Paymentus Expands Bill-Pay as Consumers Embrace ‘Cash Stuffing’

Paymentus says it is making it easier for billers to accept cash payments. The electronic bill-pay company has expanded the cash payment capabilities on its instant payment network, Paymentus said...


January 15, 2023
Report: FTX Collapse Slows Bahamas’ CBDC Project

The Bahamas’ two-year-old digital currency project has gotten off to a slow start. The reasons are twofold, according to a Saturday (Jan. 14) Bloomberg News report: COVID-19, and FTX. Kimwood...


January 12, 2023
T-Mobile In Talks To Acquire Mint Mobile

T-Mobile has reportedly been in talks to acquire Mint Mobile. Mint Mobile is 25% owned and often promoted by actor Ryan Reynolds and offers budget plans on the network of...


January 12, 2023
T-Mobile in Talks to Acquire Ryan Reynolds-Backed Mint Mobile

T-Mobile has reportedly been in talks to acquire Mint Mobile. Mint Mobile is 25% owned and often promoted by actor Ryan Reynolds and offers budget plans on the network of...


December 29, 2022
Banks and FinTechs See Collaborative Opportunity to Reach Emerging Market...

Brazil proves boosting financial inclusion and giving underserved populations bank account access is a smartphone away. PayU Global Payments CEO Mario Shiliashki said it will take full-scale, joint efforts between...


December 19, 2022
Collaboration Required to Deliver on Financial Inclusion in Africa

It’s been a tumultuous and volatile year for businesses around the world. And while the uncertainty is expected to continue into 2023, Karen Nadasen, CEO at PayU South Africa, told...


Telecommunications Payments: Telecoms' Emerging Role In The Payments And Banking Fields

Individuals with mobile phones outnumber those with bank accounts in the most underbanked regions of the world, offering the telecom industry a prime opportunity to fulfill a vital role. In this month’s “Telecommunications Payments Tracker®,” a collaboration with i2c, four telecom providers tell PYMNTS how the industry is ideally positioned to provide financial access to unbanked households.