PYMNTS-MonitorEdge-May-2024

underbanked

Mexican Banking FinTech Klar Aims for 2026 IPO
Mexican Banking FinTech Klar Aims for 2026 IPO
November 03, 2024  |  IPO

Mexican FinTech Klar is reportedly aiming to go public at the end of 2026. Juan Sarmiento, the company’s vice president of finance, told Bloomberg News...

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Aviva Raises $5.5 Million to Provide Financial Services to ‘Underserved’
Aviva Raises $5.5 Million to Provide Financial Services to ‘Underserved’
August 05, 2024  |  Investments

Mexico-based FinTech Aviva has raised $5.5 million in seed funding. “This oversubscribed round highlights the strength of our model’s unit economics, as well as our...

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Will 2024 See Crypto Make Good on Its Financial Inclusion Promise?
Will 2024 See Crypto Make Good on Its Financial Inclusion Promise?
January 04, 2024  |  Financial Inclusion

Crypto had a bumpy, and at times wild, 2023. But industry observers and participants continue to believe that blockchain technology and cryptocurrencies have the potential to revolutionize financial...

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Tala Reaches 1 Million Users in Philippines Four Months After Launch
Tala Reaches 1 Million Users in Philippines Four Months After Launch
August 23, 2023  |  Mobile Wallets

Tala says it is approaching 1 million wallet users in the Philippines after launching there in April. The announcement by the money app for the...

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Moove Raises $76 Million to Provide Financial Services for Mobile Gig Workers
Moove Raises $76 Million to Provide Financial Services for Mobile Gig Workers
August 10, 2023  |  Gig Economy

Moove has secured $76 million in new funding to expand its financial services platform for mobility gig workers. The new funding consists of $28 million in...

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Digital Dollar Project: CBDCs Can Help the Unbanked
Digital Dollar Project: CBDCs Can Help the Unbanked
August 03, 2023  |  CBDC

Could a central bank digital currency (CBDC) help America’s unbanked population? It appears that way, according to a new report by the Digital Dollar Project...

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Tala Money App Gains 800,000 New Customers in First Half
Tala Money App Gains 800,000 New Customers in First Half
July 20, 2023  |  Financial Inclusion

Tala added 800,000 new customers in the first half of the year — a 114% increase in growth compared to the first half of 2022....

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Billers Challenged to Make Cash Part of the Digital Payments Experience
Billers Challenged to Make Cash Part of the Digital Payments Experience
February 03, 2023  |  Cash

The conventional wisdom is that the shift to digital payments has led us all away from cash. Jamison Jaworski, GM-SVP of retail and Green Dot...

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PYMNTS Intelligence: How Telecoms Expand Digital Payments’ Reach
PYMNTS Intelligence: How Telecoms Expand Digital Payments’ Reach
December 05, 2022  |  Digital Payments

Being underbanked or unbanked is a significant disadvantage in modern society, as this locks households out of personal loans, direct deposits, many types of credit...

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