Real estate website Zillow added a feature that allows renters to build their credit history at no cost. All renters who use the Zillow platform to pay rent can opt in to this new credit-building payment reporting program at no cost to them or their...
The recent announcement of joint efforts by Microsoft to build new financial services for businesses hints at a multipronged effort to boost financial inclusion … … Including financial inclusion for smaller businesses, leveraging the M-Pesa platform. As reported, the two firms will “offer digital services...
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 inclusion for marginalized and unbanked communities worldwide. There are many ways in which blockchain technology and cryptocurrencies can remove barriers,...
Nilesh Dusane, global head of institutional payments at AWS, and Ben Janse van Rensburg, interim CIO at BankservAfrica, told PYMNTS that instant payments will do much to transform South Africa’s financial services landscape. Janse van Rensburg noted that BankservAfrica, operating as an automated clearing house,...
Visa and Visa Foundation have announced initiatives to support small and micro businesses across the Asia-Pacific Economic Cooperation (APEC) economies and the world. These initiatives are aimed at promoting digital financial inclusion, stimulating job creation and increasing access to capital, with the ultimate goal of fostering economic...
Financial wellness platform Bloom Credit launched a credit reporting service for rental payment data. The company debuted a service that allows rental apps to report rent payments to the three major credit bureaus, coming at a time when many consumers are employing credit-builder tools to...
The U.S. consumer is barely making ends meet and is one emergency expense away from financial dire straits. They’re also in need of financial education and some guidance before things get worse. That’s according to Sezzle CEO Charlie Youakim, PSCU President and CEO Chuck Fagan...
Cross River Bank and Operation Hope say their financial literacy initiative has helped consumers boost their savings. The financial institution and the nonprofit announced Wednesday (Sept. 27) the midyear results of “HOPE Inside Cross River,” is designed to provide financial literacy education and financial planning for consumers and small...
British banking giant HSBC and Nova Credit want to let U.K. immigrants improve their credit. The partnership, announced Monday (Sept. 18) in a news release provided to PYMNTS, lets customers who are applying for an HSBC U.K. credit card online employ Credit’s Nova Passport technology...