While underbanked and unbanked customers in the developed world exist — and face a myriad of difficulties in securing access to financial products — the situation in developing world economies in regards to the unbanked and-underbanked population is a good deal more complicated. Get the...
These days, it is fair to say that data makes the world go ’round. Every day, 2.5 quintillion bytes of raw data are produced worldwide, and harnessing the power of that data has built better transportation systems, real estate markets, retail experiences, payment options, banking interactions...
In lending, as in everything, there is risk, and there is reward. 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...
Despite being home to Africa’s biggest mobile phone market, Nigeria is seeing a decline in banked adults in the country. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....
Ken Chenault, the former head of American Express, is throwing his weight behind a startup that gives credit scores to immigrants who have a hard time renting an apartment and getting other services when they land in the U.S. Get the Full Story Complete the...
Welcome to the middle class! Congratulations, you made it! Good luck getting approved for a credit card with that low or nonexistent credit score, though. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...
There are billions of unbanked individuals in the world. Given access to basic financial services via mobile and other technological conduits, quality of life improves. The cost of banking goes down. And the ripple effects can do a world of good, as well as do...
Three years ago, the city of Seattle decided to raise the minimum wage to $15 in an effort to close what they called the local wealth gap. New data out of the University of Washington suggests that it did just the opposite. Now, economists on both sides are duking...
On Tuesday, MoneyGram’s shareholders gave an unequivocal thumbs up to the buyout by Ant Financial. With one more hurdle yet to clear, CFIUS approval, MoneyGram CEO Alex Holmes tells Karen Webster what’s next for this new global digital financial services platform.
