PYMNTS-MonitorEdge-May-2024

unbanked

Real Time Payments Help Underbanked Consumers Find Financial Relief
Real Time Payments Help Underbanked Consumers Find Financial Relief
July 07, 2021  |  Faster Payments

One of the lesser-known troubles of the modern economy is the prevalence of unbanked and underbanked individuals. Unbanked individuals lack access to bank accounts while...

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Report: Mobile Payments App Ualá To Acquire Digital Bank Wilobank
Report: Mobile Payments App Ualá To Acquire Digital Bank Wilobank
April 09, 2021  |  Partnerships / Acquisitions

Argentina’s mobile payments app Ualá plans to acquire Wilobank, the country’s first digital bank, Bloomberg reported on Friday (April 9), citing people with knowledge of the...

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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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FinTech Jeff Aims To Boost Lending To The Underbanked In South Asia
FinTech Jeff Aims To Boost Lending To The Underbanked In South Asia
January 06, 2021  |  Loans

With no credit scores, limited financial transaction histories, and a huge amount of people who don’t even have a bank account, lending money in Vietnam...

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Secondhand News: Economy, Pandemic Create New Role For Pawnshops
Secondhand News: Economy, Pandemic Create New Role For Pawnshops
November 27, 2020  |  Retail

At a time when the coronavirus has caused a spike in unemployment and crippled countless small businesses, the pawnbroking industry has found itself in a...

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Orange Rolls Out Mobile Banking In Africa
Orange Rolls Out Mobile Banking In Africa
July 23, 2020  |  Digital Banking

France’s Orange Bank is launching completely mobile banking services in Africa, according to a press release. Patrick Roussel, executive vice president of MEA Mobile Financial...

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Open Banking For The Unbanked: How The Pandemic Is Affecting Innovation In LatAm
Open Banking For The Unbanked: How The Pandemic Is Affecting Innovation In LatAm
July 22, 2020  |  Bank Regulation

With nearly 50 percent of the Latin American population unbanked, there's a growing appetite for mobile banking services. And the ongoing pandemic is only accelerating...

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New Report: Mercado Pago On How Mobile Bridges The LatAm Banking Gap
New Report: Mercado Pago On How Mobile Bridges The LatAm Banking Gap
July 21, 2020  |  Bank Regulation

Open banking is appealing to financial institutions (FIs) and regulators in many markets, even as the pandemic sweeps across the world. The European Union’s financial...

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Indonesia’s Bukalapak To Help SMBs Provide Banking Services
Indonesia’s Bukalapak To Help SMBs Provide Banking Services
July 10, 2020  |  Financial Inclusion

Bukalapak, one of the largest eCommerce companies in Indonesia, is getting bigger. With the backing of the Ant Group, the Chinese affiliate of the Alibaba Group, Bukalapak is vowing...

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