In what began as a recognition of workplace imbalances and inequities, diversity, equity and inclusion (DE&I) efforts are now evolving into a way of strengthening companies with a broad chorus of voices that add measurable value to the business. In a conversation with PYMNTS, Ari Montgomery,...
Even in the face of the economic hardships that came with COVID-19, America’s unbanked dropped to around 4% last year. That’s according to the Federal Deposit Insurance Corporation’s (FDIC) 2021 National Survey of Unbanked and Underbanked Households, released Tuesday (Oct. 25). It found that about...
Digital identity company Prove Identity has joined forces with Experian in a partnership designed to use identity verification tools to promote financial inclusion. According to a Tuesday (Oct. 25) news release, the collaboration aims to help companies offer financial services to more customers, including underbanked people...
Unbanked Nigerians and those using a feature phone in the country will soon have access to eNaira banking services through an Unstructured Supplementary Service Data (USSD) channel. Communications-Platform-as-a-Service (CPaaS) firm Clickatell is partnering with the Central Bank of Nigeria (CBN) to launch a USSD channel...
Some of the most underbanked populations in the world can be found in the Middle East and North Africa (MENA), where countries like Egypt have bank account ownership rates as low as 22%. While increasing bank account access is certainly an important aspect of any...
Consumer finance company CreditCare Technology has teamed up with MoneyGram to expand further into the emerging markets of the Philippines, Vietnam and Nigeria. Based in San Francisco, CreditCare provides financial products to unbanked people, including personal loans and remittances. “The partnership with MoneyGram is a...
Citigroup will be launching two pilot programs under the Office of the Comptroller of the Currency’s Project REACh, or Roundtable for Economic Access and Change, to help underserved communities get more access to credit. One of the programs will get credit cards to those without...
A new card for people who are blind or partially sighted is now available in the United Arab Emirates (UAE) through a new initiative between Ajman Bank and Mastercard. The “world-first” Touch Card is an accessible payment card that allows blind and partially sighted people...
Digital and financial services solutions firm Vodacom is introducing a new cash advance product to give people who are underbanked fast access to funds. VodaLend Cash Advance complements other offerings in the VodaLend financial services product suite, including VodaLend Compare, Voucher Advance and Airtime Advance,...