PYMNTS-MonitorEdge-May-2024

financial inclusion

An Industry Insider on How Secured Cards Can Boost Credit Profiles
An Industry Insider on How Secured Cards Can Boost Credit Profiles
May 09, 2023  |  Financial Inclusion

Nearly 60% of millennials report subprime credit scores, making it harder for them to get credit from traditional sources and build a credit profile. A...

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Paysend and TelevisaUnivision Promote Card-to-Card Money Transfers to Latin America
Paysend and TelevisaUnivision Promote Card-to-Card Money Transfers to Latin America
May 08, 2023  |  Partnerships

Paysend and TelevisaUnivision have partnered to promote money transfers to Latin America. TelevisaUnivision, a Spanish language content and media company, will use its reach to...

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FinTechs Clear Credit Path for 57% of Subprime Millennials
FinTechs Clear Credit Path for 57% of Subprime Millennials
May 08, 2023  |  Financial Inclusion

With concerns over the banking system dominating the news after the collapse of Silicon Valley Bank and others, it can be easy to lose sight...

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FinTechs See Opportunity to Teach Credit Marginalized Consumers Financial Literacy
FinTechs See Opportunity to Teach Credit Marginalized Consumers Financial Literacy
April 28, 2023  |  Financial Inclusion

Personalized assistance could help the credit marginalized from slipping further behind. Having good credit is a near necessity for U.S. consumers. Maintaining a good score...

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B2B Payments Suffer as Nigeria Promotes Cashless Economy
B2B Payments Suffer as Nigeria Promotes Cashless Economy
April 27, 2023  |  B2B Payments

The move to ban cash withdrawals from government accounts in Nigeria in an attempt to digitize its economy has been a “massive hindrance” to the...

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Alt Credit Models and Platforms Improve Financial Inclusion for Credit Marginalized Consumers
Alt Credit Models and Platforms Improve Financial Inclusion for Credit Marginalized Consumers
April 27, 2023  |  Financial Inclusion

The traditional ways and means of scoring credit risk — and extending credit — are leaving significant swaths of consumers disenfranchised. And it’s the emergence...

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Sparkle COO Says Open Banking Builds Trust by Putting Consumers in Control of Their Data
Sparkle COO Says Open Banking Builds Trust by Putting Consumers in Control of Their Data
April 19, 2023  |  Digital Banking

After years of advocacy, open banking is now live in Nigeria, the first country in sub-Saharan Africa to adopt the regulation. The launch marks an...

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Federal Reserve Governor Says CBDC Risks Likely Greater Than Benefits
Federal Reserve Governor Says CBDC Risks Likely Greater Than Benefits
April 18, 2023  |  CBDC

It’s unlikely that the benefits of a central bank digital currency (CBDC) would be greater than the potential risks. So said Federal Reserve Governor Michelle...

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NYDFS Expands Banking Program to Reach Underserved Customers
NYDFS Expands Banking Program to Reach Underserved Customers
April 13, 2023  |  Financial Inclusion

New York’s financial regulator is expanding its program to provide banking access to underserved customers. The New York Department of Financial Services (NYDFS) announced Thursday...

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