financial inclusion

Experian ‘Boost’ Improves FICO Scores Via Data

Experian has announced the launch of Experian Boost, a free online platform that allows consumers to potentially boost their credit scores in...

1.7K

Why JUMO Is Expanding From Africa Into Asia With Its Financial Services Platform

While underbanked and unbanked customers in the developed world exist — and face a myriad of difficulties in securing access to financial...

7.3K

TRENDING: Why Testing Is Crucial For Better B2B APIs

While APIs are becoming increasingly popular and more important across a range of industries, they still have issues to be resolved. Using...

Cash

NJ Lawmakers: Brick-And-Mortars Must Accept Cash

Lawmakers in New Jersey have passed a bill to ban stores from going cashless. According to Chain Store Age, the legislation requiring...

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Investments

Hong Kong’s Oriente Raises $105M

Hong Kong-based startup Oriente has announced a $105 million initial funding round, which included investment from the founders, as well as a...

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Digital Payments

Is India’s ATM Disappearing Act A Digital Payments Boon?

Half of India’s ATMs may be shuttered in the next few months amid high compliance costs. Will that open the door even...

Grab Financial Announces Remittance Offering

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Digital Payments

Grab Launches P2P Remittance Product

Grab, the ride-sharing platform out of Southeast Asia, announced on Thursday (Nov. 15) the launch of a remittance offering under the company’s...

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Earnings

Western Union Grows Digital Double-Digits, Expands Underbanked Reach With Amazon

Double-digit growth marked Western Union's digital offerings, and now represents 12 percent of the firm's key C2C business. Management pointed to solid growth...

Sizzle/Fizzle: A Winning Week for Wearables

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Sizzle/Fizzle

The Big Sizzle: Winning Week For Wearables

It was a good week for wearables and their future, as the devices continued to show indications of strong promise on the...

7.3K

Consumer Finance

Number Of Unbanked Americans Plummets

A new survey revealed that the percentage of unbanked Americans fell to the lowest level since the 2007-2009 financial crisis. Data from...

Visa-Backed App Takes Money20/20 Grand Prize

Digital Payments

Faster Remittances App Uses Visa APIs, Takes Money20/20 Grand Prize

An app designed to speed up the remittance process, designed via Visa APIs, has taken a top honor at Money20/20 in Las Vegas. The win...

PayPal Invests In Emerging Markets Lending App Company Tala

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Alternative Finances

PayPal Invests In Emerging Markets Lending App Tala

Tala, the consumer lending app in emerging markets, announced Monday (Oct. 22) a strategic investment from PayPal. In a press release, Tala...

Partnerships / Acquisitions

Mastercard Rounds Out SMB Services In India With Zoho

Small business (SMB) cloud solutions provider Zoho is reportedly teaming up with Mastercard in India to provide holistic accounts receivable solutions. A...

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PayPal Cash Comes To Walmart

For 73 percent of Americans, participating in the digital economy is easy. All they have to do is secure internet access, enter...

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How Instantor Uses APIs For World Domination

Old-school FIs typically rely on outdated consumer data from credit bureaus to review a consumer’s financial viability. However, APIs can help FIs...

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NEW REPORT: APIs As The Great Credit Equalizer

The rivalry that banks and FinTech firms might have experienced in the past now appears to be behind them. Both sides of...

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PayPal And Village Capital On Financial Inclusion’s Data-Driven Future

These days, it is fair to say that data makes the world go ’round. Every day, 2.5 quintillion bytes of raw data are...

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Banks And The Blockchain Scramble

Blockchain is getting its share of true believers. Among them are banks, traditional FIs and central banks. A series of new projects demonstrate...

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FinTech/FI Collaborations In Mexico And Beyond

There are any number of government initiatives pairing FinTech with traditional FIs, and now Mexico joins the roster with renewed focus. Only...

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Partnerships / Acquisitions

FinTech Finds Favor With Visa, Gains Traction In Mexico

Paidy linked up with Visa via strategic investment this week, while Mexico's government wants to see greater financial inclusion with joint efforts...

International

JPMorgan Eyes Financial Inclusion In India

JPMorgan is setting up a financial inclusion lab in India through a partnership with the Indian Institute of Management Ahmedabad’s (IIMA) Centre...

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Equifax Buys DataX To Close Credit Reporting Gap

Equifax announced that it has acquired DataX, a leading specialty finance credit reporting agency and alternative data provider to lenders nationwide. As...

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International

Kenya Moves To Regulate Digital Lending

After adopting a mobile money system that allows people to make payments and transfers through their cell phones, Kenya has become a...

6.9K

Loans

Mapping The Black Box: A Look Inside Machine Learning’s Powers And Quirks

“Machine learning is the answer to the financial inclusion problem.” So said Douglas Merrill, founder of ZestFinance. It’s a bold statement, considering that...

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Payments Innovation

Can FinTech Walk The FinTalk?

Benjamin Franklin is best remembered as a signer of the Declaration of Independence in 1776 and a prolific inventor who created the...

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Mastercard: Serving The Financial Needs Of The ‘New Middle Class’

Welcome to the middle class! Congratulations, you made it! Good luck getting approved for a credit card with that low or nonexistent...

Earnings

PayPal Reaffirms Its Commitment To Financial Inclusion

There was a lot going on during PayPal’s quarterly earnings report yesterday (April 25), as the original “Pay” player managed to beat analyst...

Personnel

Mastercard Names Former US Trade Rep In New Role Focused On Growth

Mastercard announced news that former United States Trade Representative Michael Froman will join the company as vice chairman and president of strategic...

Financial Inclusion: Accelerated, Collaborative, Mobile and Global

There are billions of unbanked individuals in the world. Given access to basic financial services via mobile and other technological conduits, quality...

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Loans

Grab And Credit Saison Launch Consumer Financing JV

Grab, the ride-hailing company based in Southeast Asia, announced news on Tuesday (March 13) that it has teamed up with Credit Saison...

3.9K

Mastercard

Mastercard: The Inclusive Futures Of Cities, SMBs And The Next-Gen Workforce

What is a common need among a gig worker seeking a second stream of income, an SMB looking to grow their business in an...

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Regulation

Trump Administration Eyes Major CRA Overhaul

The Trump administration is proposing major changes to the Community Reinvestment Act — a law first enacted in 1977 — that experts believe...

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Mastercard: Micro Businesses Can Move Financial Inclusion’s Largest Roadblocks

Promoting financial inclusion — a lofty ambition targeting two billion people around the world who currently live without the ability to securely send...

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Startups

Juvo Raises $40 Million To Expand Into New Markets

Juvo, the San Francisco tech startup that focuses on financial inclusion and helps unbanked consumers in emerging markets improve their standing from...

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Unifund CEO Consumer Credit Caution: “Time To Stop Getting Lost In The Averages”

Credit, and the consumer’s relationship with it, has changed rather dramatically over time. But those changes can only be seen if one...

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Mastercard Taps APIs With An Eye Beyond Plastic

After decades of focus on plastic cards, Mastercard has turned its attention to the potential of APIs to expand its services and reach. For...

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NEW REPORT: For Mastercard, Are APIs More Priceless Than Plastic?

Could APIs be the great payment equalizers? One major payment company is ready to take that chance in an effort to expand...

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International

India’s Grand (De) Monetization Experiment

Eight months in, assessing the impact of what happens when you remove 86 percent of a country’s notes in circulation. India’s push...

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A Local Approach To The Universal Challenge Of SME Finance

From the U.S. to Mexico to India to sub-Saharan Africa, SMEs’ need for access to capital is universal. What differs across geographic...

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MoneyGram, Ant And Making The “Unbanked’s Bank”

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...

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Fresh EBT’s Social Safety Net Tech Upgrade

It’s a set of statistics that all of us have heard many times before: In the U.S., nearly half of the population...

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Ecosystems

Using The Blockchain To Bring Banking To Everyone

Refugees are among the most unique groups of people for whom to enable mobile payments and other financial services. Clearly an acute...

Analysts Pinpoint Payroll Cards’ Weaknesses (And Surprising Strengths)

The payroll card industry is far from immune to controversy. Especially in recent years, regulators have eyed the space amid waves of...

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Mastercard

Mastercard’s New President Of Operations And Technology On Payment’s ‘Third Wave’

Mastercard today announced the appointment of CIO Ed McLaughlin to president, Operations and Technology. In an interview with PYMNTS’ Karen Webster, McLaughlin...