Search results for "unbanked"

January 19, 2024
Digital Wallets, Pay by Bank and Push to Card Can...

Cross-border money movement’s digital makeover rests with a variety of endpoints. More specifically, the more ways there are to send and receive, the more options there are to house stores...


January 09, 2024
Visa and CIBC Collaborate on Sending Remittances to Digital Wallets

Visa and CIBC have formed a new collaboration to help the bank’s clients send remittances across borders more conveniently.  With Visa Direct’s money movement capabilities, the clients of CIBC and its digital banking...


January 04, 2024
Will 2024 See Crypto Make Good on Its Financial Inclusion...

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...


December 20, 2023
Visa: Orchestration Layers and Aliases Pave the Way for Instant...

Ruben Salazar, senior vice president and global head of Visa Direct, told Karen Webster that the transition from traditional, ACH transactions toward faster payments is underway — but is not...


December 19, 2023
Interoperability Will Fuel Instant Payments’ Scalability 

Nothing is harder to break than an established habit. But even the most entrenched behaviors often shift or evolve. Just look at the movement of money, which has undergone many...


December 19, 2023
Anti-Fraud Measures Need to Work at the Speed of Instant...

The financial landscape is constantly in flux — and now it’s getting a little faster. As instant payments gain prominence, the strategies, challenges and potential impacts of the money movement...


December 19, 2023
Traditional Payment Methods Remain Relevant Despite Real-Time Innovations

In a rapidly changing digital world where real-time payments are becoming increasingly popular, it’s easy to assume that traditional payment methods like wire transfers and ACH payments are losing their...


December 01, 2023
Algorand Foundation Invests in Afghanistan’s HesabPay

The Algorand Foundation has made a strategic investment in HesabPay, an interoperable digital payments platform in Afghanistan that uses the Algorand blockchain. The investment was revealed at the Algorand Impact Summit in New...


November 29, 2023
Paysend Raises $65 Million and Teams With TelevisaUnivision

Money transfer FinTech Paysend has raised $65 million in a new funding round. The round, announced Wednesday (Nov. 29), follows Paysend’s recent partnership with Mastercard, which allows the company to enhance cross-border payments for small- to medium-sized...


Telecommunications Payments: Telecoms' Emerging Role In The Payments And Banking Fields

Individuals with mobile phones outnumber those with bank accounts in the most underbanked regions of the world, offering the telecom industry a prime opportunity to fulfill a vital role. In this month’s “Telecommunications Payments Tracker®,” a collaboration with i2c, four telecom providers tell PYMNTS how the industry is ideally positioned to provide financial access to unbanked households.