Tala says it is approaching 1 million wallet users in the Philippines after launching there in April. The announcement by the money app for the underbanked Wednesday (Aug. 22) comes months after it reached 8 million customers, and is happening amid a worldwide increase in...
Moove has secured $76 million in new funding to expand its financial services platform for mobility gig workers. The new funding consists of $28 million in equity from new and existing investors, a process led by Mubadala Investment Company; $10 million venture debt from funds and accounts managed...
Could a central bank digital currency (CBDC) help America’s unbanked population? It appears that way, according to a new report by the Digital Dollar Project (DDP). The organization announced Thursday (Aug. 3) it had wrapped a pilot study conducted in collaboration with Western Union, BDO...
Tala added 800,000 new customers in the first half of the year — a 114% increase in growth compared to the first half of 2022. More than 8 million customers across four markets — Kenya, India, the Philippines and Mexico — are now using the...
January 04, 2024
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 communities worldwide. There are many ways in which blockchain technology and cryptocurrencies can remove barriers, such as a lack of digital identity, for underserved individuals […]
February 03, 2023
The conventional wisdom is that the shift to digital payments has led us all away from cash. Jamison Jaworski, GM-SVP of retail and Green Dot Network at Green Dot, and...
July 07, 2021
One of the lesser-known troubles of the modern economy is the prevalence of unbanked and underbanked individuals. Unbanked individuals lack access to bank accounts while underbanked individuals have bank accounts...
June 08, 2020
The World Bank distributes about $25 billion a year to countries through governments that identify areas where investment is needed and capital can be deployed to build infrastructure. Traditional conduits...
August 10, 2023
Moove has secured $76 million in new funding to expand its financial services platform for mobility gig workers. The new funding consists of $28 million in equity from new and existing investors, a process led by Mubadala Investment Company; $10 million venture debt from funds and accounts managed by BlackRock; and $38 million in previously undisclosed funds raised during […]
August 03, 2023
Could a central bank digital currency (CBDC) help America’s unbanked population? It appears that way, according to a new report by the Digital Dollar Project (DDP). The organization announced Thursday...
July 20, 2023
Tala added 800,000 new customers in the first half of the year — a 114% increase in growth compared to the first half of 2022. More than 8 million customers...
October 27, 2022
Boost Mobile is entering the financial service sector with the launch of OmniMoney, a tool that offers underbanked consumers a free digital money account and debit card. “We’re looking to...
