PYMNTS-MonitorEdge-May-2024

underbanked

Cannabis Science Banks On Blockchain To Solve Industry’s FinServ Problem
Cannabis Science Banks On Blockchain To Solve Industry’s FinServ Problem
December 29, 2017  |  B2B Payments

While legal marijuana made inroads in several states this year, federal criminalization of the drug means businesses that operate in the industry cannot access financial...

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Payday Lender Floats Shares At $620M Valuation
Payday Lender Floats Shares At $620M Valuation
December 08, 2017  |  Loans

Curo Group, one of the largest payday lenders in the U.S., went public on the stock market with a valuation of $620 million. According to...

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SOLE, WiseWage Team Up On Payroll For Underbanked Employees
SOLE, WiseWage Team Up On Payroll For Underbanked Employees
November 29, 2017  |  B2B Payments

SOLE Financial and WiseWage, both providers of payroll cards, are teaming up to link underbanked employees with ways to receive their salaries. In a Tuesday...

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Despite The Digital Age, Cash Is In The Pink (OK, Green) Of Health
Despite The Digital Age, Cash Is In The Pink (OK, Green) Of Health
October 06, 2017  |  Cash

Cashless? Not yet. Not by a long shot. Cash still holds sway as the preferred payment method across a variety of options, as found by...

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Everyone Hates Payday Lenders And Check Cashers (Except The People Who Use Them)
Everyone Hates Payday Lenders And Check Cashers (Except The People Who Use Them)
June 27, 2017  |  Loans

Everyone hates consumer lenders — politicians, consumer groups, prayer circles — except the people who use them. They tend to like the products — and...

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BillMo’s Value Proposition To Disrupt Money Transfers
BillMo’s Value Proposition To Disrupt Money Transfers
May 04, 2017  |  Mobile

With a $500 billion market opportunity and the proliferation of mobile devices among unbanked or underbanked consumers globally, the money transfer space is primed and...

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UK Banking App Pockit Gets £2.9M In Funds As It Launches New Remittance Service
UK Banking App Pockit Gets £2.9M In Funds As It Launches New Remittance Service
April 26, 2017  |  Mobile Applications

Pockit, a mobile banking app targeting the U.K.’s underbanked, has picked up £2.9 million in additional funding and will soon launch a remittance service to...

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Vietnam eCommerce Grows; Digital Payment Doesn’t
Vietnam eCommerce Grows; Digital Payment Doesn’t
April 07, 2017  |  Payment Methods

ECommerce sales in Vietnam are projected to grow some 22 percent in 2017, according to data from eMarketer. By the end of the year, analysts...

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Cellum Rolls Out Payment Solution For Unbanked
Cellum Rolls Out Payment Solution For Unbanked
April 06, 2017  |  Payment Methods

Cellum, the mobile transactions solutions provider, announced Wednesday (April 5) at the SMART Conference a new solution aimed at providing financial services to the unbanked...

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