PYMNTS-MonitorEdge-May-2024

financial inclusion

BIS Paper: Asia Virtual Banks Must Protect Consumer Data
BIS Paper: Asia Virtual Banks Must Protect Consumer Data
January 27, 2022  |  Data

A new Bank for International Settlements paper says Asian regulators must protect consumer data as financial institutions dole out more virtual bank cards, noting the...

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Experian Go Program Aimed at ‘Credit Invisibles’
Experian Go Program Aimed at ‘Credit Invisibles’
January 26, 2022  |  Financial Inclusion

Credit data company Experian has launched Experian Go, a free program to help almost 50 million “credit invisibles,” or people with limited or no credit...

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UK Challenger Banks Facilitate Loan Access With Credit Builder Tools
UK Challenger Banks Facilitate Loan Access With Credit Builder Tools
January 25, 2022  |  International

Credit invisible customers and businesses often face an uphill battle when accessing credit in the United Kingdom because they have little or no credit history...

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India Tests Internet-Free Digital UPI Payments
India Tests Internet-Free Digital UPI Payments
January 23, 2022  |  International

The National Payments Corp. of India is testing a solution to allow Unified Payments Interface (UPI) based digital pay without an internet connection, Mint reported...

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Today in FinTech: Chime Eyes $40B IPO; Save Partners With Visa; Nevada Casinos Marry Digital Convenience, In-Person Gameplay
Today in FinTech: Chime Eyes $40B IPO; Save Partners With Visa; Nevada Casinos Marry Digital...
January 23, 2022  |  Technology

In today’s FinTech news, digital banking startup Chime is looking at an estimated valuation of $40 billion as the FinTech gets ready for its upcoming...

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BNPL Catches on With African Shoppers
BNPL Catches on With African Shoppers
January 20, 2022  |  Buy Now Pay Later

In these difficult economic times, the possibility of paying for products in several interest-free installments, popularly known as buy now, pay later (BNPL), has never...

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H&R Block Debuts Spruce Mobile Banking to Help Consumers With Personal Finance
H&R Block Debuts Spruce Mobile Banking to Help Consumers With Personal Finance
January 20, 2022  |  Merchant Innovation

Hoping to help combat economic stress and support financial well-being, H&R Block is debuting a mobile banking platform called Spruce, the company announced Thursday (Jan....

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Katapult: 2021 Was the Year of Inclusion
Katapult: 2021 Was the Year of Inclusion
January 17, 2022  |  Opinion

Retailers stepped up to the plate for non-prime customers in 2021, offering installment programs that gave more people access to products and services. Orlando Zayas,...

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BoA to End NSF Fees, Lower Overdraft Fee to $10
BoA to End NSF Fees, Lower Overdraft Fee to $10
January 11, 2022  |  Banking

Bank of America will be debuting significant changes to its overdraft services, which will include plans to do away with non-sufficient fund (NSF) fees as...

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