Upbound Group, the owner of the Rent-A-Center and Acima brands, agreed to acquire financial health technology company Brigit for up to $460 million. The planned acquisition will expand Upbound’s financial solutions and help create “an industry-leading technology platform for the financially underserved,” the companies said...
The percentage of households in the United States that are unbanked declined to a record low in 2023. At 4.2% of U.S. households, or 5.6 million, the percentage of households without a bank or credit union account was the lowest since the Federal Deposit Insurance Corp....
In Latin America, where many consumers are unbanked or underbanked, roughly three-quarters of consumers don’t have credit cards, so prepaid cards are widely used to pay for everything from streaming media to utilities. For some companies, prepaid cards can represent as much as 70% of...
Visa is injecting fresh funding into four startups that graduated from the first batch of its Visa Africa Fintech Accelerator program. The investments highlight Visa’s dedication to driving digital innovation within Africa, according to a Wednesday (Nov. 6) news release emailed to PYMNTS. In doing...
November 11, 2024
In Latin America, where many consumers are unbanked or underbanked, roughly three-quarters of consumers don’t have credit cards, so prepaid cards are widely used to pay for everything from streaming media to utilities. For some companies, prepaid cards can represent as much as 70% of their business, Wallet Guru co-founder and CEO Emilio Rubio told […]
October 28, 2024
Keeping pace with innovation can be daunting. For small- to mid-sized banks, credit unions and FinTechs, implementing the latest money movement integrations like real-time payments and more can be a...
October 25, 2024
As we head into the fourth quarter of arguably the most innovative year in payments since the pandemic, the liberation of capital is emerging as the story of the year....
October 24, 2024
As one of the hottest trends in payments, embedded finance has emerged as a compelling credit proposition for consumers and businesses. The execution demands an intricate web of collaboration and...
December 19, 2024
MoneyLion launched a partnership with YouTube superstar Jimmy Donaldson, better known as “MrBeast.” The FinTech is partnering on “Beast Games,” a new competition series by MrBeast that premiered on Prime Video Thursday (Dec. 19), according to a press release issued the same day. MoneyLion is also launching the MoneyLion Beast Games Giveaway, a $4.2 million […]
December 13, 2024
Upbound Group, the owner of the Rent-A-Center and Acima brands, agreed to acquire financial health technology company Brigit for up to $460 million. The planned acquisition will expand Upbound’s financial...
November 12, 2024
The percentage of households in the United States that are unbanked declined to a record low in 2023. At 4.2% of U.S. households, or 5.6 million, the percentage of households...
November 06, 2024
Visa is injecting fresh funding into four startups that graduated from the first batch of its Visa Africa Fintech Accelerator program. The investments highlight Visa’s dedication to driving digital innovation...
