PYMNTS-MonitorEdge-May-2024

unbanked

Experts Tell Congress It’s Time To Create A ‘Digital Dollar’
Experts Tell Congress It’s Time To Create A ‘Digital Dollar’
June 12, 2020  |  Digital Payments

Trillions of dollars in federal COVID-19 stimulus payments are being disbursed through paper checks, prepaid debit cards and direct deposit — not very streamlined conduits...

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High Tech Microlending — And Why Chickens Hatch Great ROI
High Tech Microlending — And Why Chickens Hatch Great ROI
June 08, 2020  |  Loans

The World Bank distributes about $25 billion a year to countries through governments that identify areas where investment is needed and capital can be deployed...

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Brazilian Nubank To Launch Credit Card In Mexico
Brazilian Nubank To Launch Credit Card In Mexico
March 03, 2020  |  Financial Inclusion

Brazilian banking startup Nubank is going to launch its Nu credit card in Mexico in an attempt to capture a piece of the country’s population...

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Grab, Razer, AirAsia, Others Ponder Malaysia Banking Application
Grab, Razer, AirAsia, Others Ponder Malaysia Banking Application
January 22, 2020  |  Digital Banking

Grab, Razer, AirAsia, Axiata and CIMB join other companies that are considering applying for digital banking licenses in Malaysia, sources told Reuters on Wednesday (Jan....

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PayU Buys Majority Stake In India FinTech PaySense
PayU Buys Majority Stake In India FinTech PaySense
January 10, 2020  |  Partnerships / Acquisitions

Netherlands payments firm PayU is acquiring a majority equity stake in PaySense, at a valuation of $185 million, with the intention of merging it with...

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Report Shows US Small Towns Lost 14 Pct Of Banks Between 2012-17
Report Shows US Small Towns Lost 14 Pct Of Banks Between 2012-17
December 23, 2019  |  Banking

Financial institutions have been abandoning American smaller towns in striking numbers over the past decade, presenting a significant economic challenge in the communities they serve,...

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McDonald’s Kiosks Useless To 8.4M Unbanked US Households
McDonald’s Kiosks Useless To 8.4M Unbanked US Households
November 13, 2019  |  Cash

Fast food giant McDonald’s is facing backlash over its push to install touch-screen kiosks in a majority of its stores, according to a report by...

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Zuckerberg Tells Congress That Libra Fills A Global Payments Void
Zuckerberg Tells Congress That Libra Fills A Global Payments Void
October 23, 2019  |  Facebook

It may be a bit ironic that the halls of Congress are known, colloquially, as the Hill. It’s an upward climb, after all, for Facebook...

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