Welcome Technologies, which builds data-driven tech for immigrant communities, has chosen PSCU, a credit union service organization, to provide processing services and support for the first credit card program to be offered by Welcome, an online consumer platform that focuses on immigrant communities, according to...
Paysafe, an integrated payments platform, has launched Paysafecash in the U.S. to help offer an alternative payment method for those looking to transact online, according to a press release. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...
Oportun Financial, which provides “inclusive, affordable” financial services, has applied for a national bank charter with the Office of the Comptroller of the Currency (OCC), according to a press release. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...
Blockchain and a bank charter might do much to boost financial inclusion. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today. By...
Mastercard is teaming up with FinTech startup Juvo to help the “underbanked” in Latin America and the Caribbean to build credit histories so they can engage in a wider range of financial services. Get the Full Story Complete the form to unlock this article and...
A recent Federal Deposit Insurance Corp. (FDIC) study found that the number of unbanked U.S. consumers will likely start rising again as a result of the pandemic recession. Keeping these consumers engaged in the broader financial system is essential to the collective good. Get the...
Visa has partnered with UAE-based NOW Money to bring digital banking services to low-income customers in the Gulf Region who are unable to access traditional banking services such as cross-border money transfers. Get the Full Story Complete the form to unlock this article and enjoy...
While much has been written about India’s vast unbanked population — roughly one-eighth by the World Bank’s estimates — the more important issue to really look at is how much of India’s population is underbanked, Mandar Agashe, founder, managing director and vice chairman of Sarvatra...
Citi will take action to help close the racial wealth gap in the U.S., the company said in a blog post Wednesday (Sept. 23), written by incoming CEO Jane Fraser. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...
