PYMNTS-MonitorEdge-May-2024

financial inclusion

Mission Lane and Plaid Deliver Financial Tools to Underbanked Customers
Mission Lane and Plaid Deliver Financial Tools to Underbanked Customers
February 22, 2023  |  Financial Inclusion

Mission Lane and Plaid have expanded their partnership to deliver modern financial tools to underbanked customers. This open finance partnership will give Mission Lane’s 2...

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Brazil’s Digital Engagement Drops but the FinTech Hub May Rebound Quickly
Brazil’s Digital Engagement Drops but the FinTech Hub May Rebound Quickly
February 22, 2023  |  Digital Payments

All signs point to Brazil being back on track as a digital economy leader, marked by steady increases in digital payment innovation. PYMNTS’ Q3 2022...

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Green Dot Sees Demand From Unbanked Cash-Paying Customers
Green Dot Sees Demand From Unbanked Cash-Paying Customers
February 21, 2023  |  Cash

Green Dot Network is focusing on unbanked consumers who pay bills in cash. The bank holding company announced in a Tuesday (Feb. 21) press release...

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Vexi Raises $8M to Expand Access to Credit in Mexico
Vexi Raises $8M to Expand Access to Credit in Mexico
February 16, 2023  |  Financial Inclusion

Mexican neobank Vexi has raised $8 million in a Series A funding round. TechCrunch reported Thursday (Feb. 16) that the startup offers only a credit...

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Visa and Tingo Debut Super App for Africa’s Farmers
Visa and Tingo Debut Super App for Africa’s Farmers
February 14, 2023  |  Financial Inclusion

Nigerian Agri-FinTech company Tingo has teamed with Visa to launch digital payment offerings in Africa. The partnership, announced in a Tuesday (Feb. 14) news release,...

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Uber Launches Payout Solution for Unbanked Drivers in Egypt
Uber Launches Payout Solution for Unbanked Drivers in Egypt
February 08, 2023  |  Ridesharing

Uber has teamed up with HSBC to launch Flexpay, a new on-demand payout solution in Egypt. The two companies announced the launch in a joint...

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Bond CEO Says Secured Credit Cards Help Consumers Build Strong Credit Profiles
Bond CEO Says Secured Credit Cards Help Consumers Build Strong Credit Profiles
February 08, 2023  |  Opinion

Firms that offer secured credit cards directly to customers will see a boost this year, Bond CEO Roy Ng writes in the new PYMNTS eBook,...

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OppFi Debuts Same-Day Funding Service for Underserved Borrowers
OppFi Debuts Same-Day Funding Service for Underserved Borrowers
February 07, 2023  |  Loans

Digital loan platform OppFi has introduced a same-day funding service aimed at underserved borrowers. The service lets qualified customers who apply and get approval by...

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Mastercard Teams With Ayoconnect to Help Unbanked Indonesians
Mastercard Teams With Ayoconnect to Help Unbanked Indonesians
February 01, 2023  |  Financial Inclusion

Mastercard is working with open finance platform Ayoconnect to bolster financial inclusion in Indonesia. “With open banking, the unbanked population in Indonesia will have access...

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