Mission Lane and Plaid have expanded their partnership to deliver modern financial tools to underbanked customers. This open finance partnership will give Mission Lane’s 2 million customers — many of whom are working to build or rebuild their credit and improve their financial outcomes —...
Mexican neobank Vexi has raised $8 million in a Series A funding round. TechCrunch reported Thursday (Feb. 16) that the startup offers only a credit card, focuses on the Mexican market and aims to offer credit at a competitive rate to underserved consumers. The firm...
Nigerian Agri-FinTech company Tingo has teamed with Visa to launch digital payment offerings in Africa. The partnership, announced in a Tuesday (Feb. 14) news release, is aimed at Africa’s agricultural sector and comes amid a wave of investment by Visa in the region. It includes...
Mastercard is working with open finance platform Ayoconnect to bolster financial inclusion in Indonesia. “With open banking, the unbanked population in Indonesia will have access to various financial products, moreover, consumers can be responsible and aware of their digital financial footprint to fully understand their...
Brazil proves boosting financial inclusion and giving underserved populations bank account access is a smartphone away. PayU Global Payments CEO Mario Shiliashki said it will take full-scale, joint efforts between traditional and nontraditional financial services players and regulators to bring financial services to those underserved...
It’s been a tumultuous and volatile year for businesses around the world. And while the uncertainty is expected to continue into 2023, Karen Nadasen, CEO at PayU South Africa, told PYMNTS’ Karen Webster that African markets have been spared the serious macroeconomic impacts felt by...
The U.S. International Development Finance Corporation (DFC) plans to further financial inclusion in Africa. The initiative, which was announced at the U.S.-Africa Leaders Summit Friday (Dec. 16) and in a corresponding press release, will see DFC collaborate with Mastercard and invest up to $50 million...
One billion people have cellphones but no bank account, a gap wireless providers may fill. There’s nothing farfetched about the idea. It’s already well-established in emerging nations, where mobile network operators (MNOs) and one’s mobile device are the conduits for digitizing cash to enable electronic...
Jingle Pay has partnered with Mastercard to issue physical and virtual cards to users of its financial app. The Dubai-based FinTech said in a Tuesday (Nov. 29) press release that the move centers on financial inclusion, aiming to provide a new accessible digital payment solution...
