PYMNTS-MonitorEdge-May-2024

financial inclusion

Mastercard Partners Up To Advance Digital Economy Via Financial Inclusion
Mastercard Partners Up To Advance Digital Economy Via Financial Inclusion
April 01, 2021  |  Economy

While the third round of stimulus payments have been steadily pouring into bank accounts across the country, there are still a portion of Americans who...

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Unbanked Segments Become Valuable Focus For Payments Companies
Unbanked Segments Become Valuable Focus For Payments Companies
March 30, 2021  |  Financial Inclusion

The pandemic was miserable for everyone by its very nature, but the hardship did not exactly fall evenly across the population. For the unbanked and...

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PNC Gets Stamp Of Approval For Low-Fee Account Aimed At ‘Underbanked’
PNC Gets Stamp Of Approval For Low-Fee Account Aimed At ‘Underbanked’
March 29, 2021  |  Financial Inclusion

PNC Bank has gained certification from the Cities for Financial Empowerment (CFE) Fund for a second bank account that limits fees. The nonprofit CFE Fund and...

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Jamaica Readies For CBDC Later In 2021
Jamaica Readies For CBDC Later In 2021
March 17, 2021  |  International

Among the countries looking at central bank digital currencies (CBDCs) is Jamaica, CoinDesk reported. Nigel Clarke, Jamaica’s minister of finance, speaking at the annual National...

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i2c, BrightFi Partner To Serve Underbanked Community
i2c, BrightFi Partner To Serve Underbanked Community
March 16, 2021  |  Financial Inclusion

Cloud-based banking-as-a-service (BaaS) platform BrightFi is partnering with i2c Inc. to offer mobile financial services to underbanked and unbanked consumers at a low cost, as...

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Trade Group Forms To Promote FinTech Development, Regs
Trade Group Forms To Promote FinTech Development, Regs
March 10, 2021  |  Regulation

A new trade group formed by FinTech leaders called the Financial Technology Association (FTA) launched Wednesday (March 10), according to a press release. Afterpay is...

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Black-Focused Neobank First Boulevard Raises $5 Million
Black-Focused Neobank First Boulevard Raises $5 Million
February 26, 2021  |  Digital Banking

First Boulevard, a neobank focused on the Black community, announced on Friday (Feb. 26) that it has raised $5 million in seed funding. The bank...

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FinTechs Find Lending’s ‘Atomic Data Points’ In Emerging Markets
FinTechs Find Lending’s ‘Atomic Data Points’ In Emerging Markets
February 26, 2021  |  Loans

In emerging markets, individuals and businesses have pivoted into the digital age because, simply put, they’ve had to. The pandemic has upended traditional economics and...

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JPMorgan To Support Minority-Owned SMBs With $350 Million Commitment
JPMorgan To Support Minority-Owned SMBs With $350 Million Commitment
February 25, 2021  |  Banking

J.P. Morgan Chase has committed $350 million over the next five years to help Black, Latinx and women-owned small businesses recover from the COVID-19 pandemic...

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