Underbanked - Playmakers

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Amex, Walmart Launch Checking, Debit Alternative

9 October 2012

Walmart is continuing its push into the prepaid, unbanked and underbanked industries, launching a new checking and debit account alternative named Bluebird. Combining features found in traditional bank accounts, prepaid cards, and digital wallets, Bluebird's main selling point is its fee structuring and transparency, but will consumers adopt it quickly?
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* EDITORS' PICK

MasterCard Pushes Mobile Payments, eCommerce, EMV In South Africa

21 September 2012

South Africa has a population of around 50 million people, and over a quarter of them are underbanked. PYMNTS.com spoke with Phillip Panaino, MasterCard's newly appointed division president, South Africa, to discuss how his company plans on revolutionizing the way millions of South Africans bank. Listen Here

* EDITORS' PICK

FDIC Report Says Unbanked, Underbanked On Rise

13 September 2012

Nearly 30 percent of U.S. households are unbanked or underbanked, and according to a recent study by the FDIC, that number is on the rise. In this week's Data Point, PYMNTS.com jumps into the study and reveals how the two designations are defined, what such households use for bank alternatives, and why income may not correlate with the underbanked the way you think. Read More