Hyperactive PayPal acquires Hyperwallet for $400m
Gives it more payment solutions to e-commerce platforms and marketplaces.
unbanked
US mobile banking challenger Chime raises $70m
It also reached over one million bank accounts this month.
US banking app CapWay readies to launch
Targeting millennials who are either underbanked or uncertain.
Tradeshift Pay to take the pain from supply chain
Cloud platform will bring together supply chain finance and blockchain-based payments.
Online lending 3.0 – how technology is changing the game
Success lies in a company’s “digital brain”.
Interview: Jean-Michel Hilsenkopf, Temenos – seeing things differently
Discussing the major themes in digital banking today.
Dosh raises $44m, PayPal among investors
PayPal headlines Dosh’s $44m payday for advertising-rebate business.
Interview: Tom Meredith, BitMinutes – better crypto for a better world
BitMinutes creates cryptocurrency around prepaid airtime minute, plans ICO for 30 April.
Banking – it’s a safe bet branch banking no longer need safes!
There’ll come a time when carrying cash into the bank will be cause for a mild-panic attack for branch office tellers.
Three big trends on display at FinovateSpring 2018
FinovateSpring is a little less than a month away.
doxo and Coinstar to facilitate cash payments for underbanked
There are 34 million unbanked or underbanked households across the US.
PayPal targets unbanked market with banking products
Plans include bank partnerships and a PayPal Cash Mastercard.
Fintech funding round-up: 27 February 2018
From the US to Brazil – stars Pagaya Investments, C2FO and RecargaPay.
Softtek and Mambu unveil banking Platform-as-a-Service
SaaS-y engine provider partners with Mexican system integrator.
Mission to Mars: or how I manage to make everything about fintech
We don’t directly do good in our fintech-verse, but we push the world towards something better.
Top ten fintech start-up stories in 2017
A busy year for fintech start-ups, but take a trip down memory lane with Banking Technology’s top ten.
Q&A with Bob Raffo, FirstView Financial
Joining FirstView Financial in July 2017 as president and CEO, Bob Raffo has quickly become a proponent of developing the paytech segment, the opportunities it presents to serve larger consumer and B2B bases and accelerate payment processes.
Mastercard, Bank Asia and a2i team for financial inclusion in Bangladesh
Access to Information (a2i, an innovation lab supported by the Bangladeshi government), Bank Asia and Mastercard have signed a tripartite memorandum of understanding (MoU) to facilitate financial inclusion in Bangladesh by making digital payment services accessible countrywide through the Union Digital Centres (UDCs).
Fintech funding round-up: 19 October 2017
Three of the latest stories in one for a fast fintech funding round-up. Features Paykey, Digital Asset, Santander InnoVentures and ePesos.
Bill & Melinda Gates Foundation to launch underbanked service with Dwolla, Ripple and others
The Bill & Melinda Gates Foundation has launched a new service created with in partnership with Dwolla, along with collaboration with Ripple, Crosslake Technologies, ModusBox, and Software Group.
Q&A with Michael Parlotto, InComm
Michael Parlotto, VP, Emerging Technologies, InComm, gives the lowdown to Paybefore on the evolution of prepaid and what the future might hold for the industry.
Univision Mastercard Prepaid Card Hits Walmart Shelves
Univision Mastercard Prepaid Card is now available in approximately 300 Walmart stores in California, Texas and Florida. The move is part of the brand’s continued expansion into retail spaces in prominently Hispanic regions.
Fintech: beware the fake news
In every aspect of life, sentiment overshoots. We overbuy and oversell securities. The political pendulum swings from left to right. Shops run out of ultra-fashionable goods only to heavily discount excess stock a couple months later. Ben Robinson, chief strategy officer at Temenos, explains how this is not a new phenomenon, but has got worse […]
Three Under-Tapped Markets and Use Cases for Prepaid Cards
Prepaid issuers should look to certain banked consumers, P2P and mobile wallet users to gain top-of-wallet status with a whole new set of customers.
Vote for the Best Challenger Banks
Vote for the challenger banks (licensed or not) that should make Paybefore’s top 5 Best Challenger Banks list. Share your opinions through Aug. 1. The top 5 vote-getters will be profiled on Paybefore.com.
Money20/20 Europe: a finale for financial inclusion
For the finale of the final day of Money20/20 Europe, financial inclusion was discussed with resolute optimism for a bright future.
Q&A with Andrew Buckley, Mastercard
When the self-described skeptic took over as global head of prepaid for Mastercard earlier this year, Andrew Buckley wasn’t quite convinced that the opportunities ahead were worthy of all the hype. Five months later and he’s among the converted, preaching the gospel of democratization—not just of payments but of innovation.
Blockchain and Bitcoin round-up: 24 May 2017
Cut to the chase with this brief blockchain and Bitcoin round-up. Features Waves Platform, Everex and Bitcoin’s price surge. Moscow-based Waves has launched its Euro gateway, which will allow users of the platform to deposit and withdraw Euros directly from within the lite client, holding and trading them directly from their Waves accounts as WEUR […]
PayNearMe Expands Bill-Pay Service with CVS Deal
With 27 percent of U.S. households unbanked or underbanked, according to the most recent FDIC report on the subject, PayNearMe continues in its efforts to make it easier for such consumers, as well as those who prefer not to use plastic or checks, to pay bills using cash.
How to Grow Prepaid through Financial Well-Being
Prepaid providers are at a crossroads: They can create products that carry relative high fees, or craft consumer-friendly programs that promote financial health. Here’s a case for doing the latter.
Cachet, CBKC Take Mobile, Prepaid to Rebar Customers
Cachet Financial Solutions is working with Central Bank of Kansas City again. The two companies, which in March announced a partnership to bring mobile-optimized prepaid programs to community banks, now are working with Rebar Interactive to provide Select Mobile Money-Express, a platform that includes a Mastercard-branded prepaid card.
Amazon Enables Cash Account Loads via Retail Locations
In a bid to reach unbanked consumers as well as those who prefer cash, Amazon has debuted a new service that enables consumers to load cash to Amazon accounts at U.S. brick-and-mortar merchant locations and then use those funds to make online purchases through Amazon.
Fintech funding round-up: 28 March 2017
Enjoy a word-lite delight with our brief fintech funding round-up. Features Clarity Money, The Glue and OOjiBO. US-based Clarity Money, a personal finance app, has announced a $11 million Series B funding round led by RRE Ventures and Citi Ventures. This financing comes three months after Clarity Money launched its product and eight months after […]
Samsung’s Newest Payments Push Aims to Bring Contactless to the Masses
Hoping to bring “digital cash to everyone,” Samsung has introduced a chip platform that can enable contactless payments in watches, wristbands, key fobs and perhaps even clothing.
Citi Digital Money Symposium: financial inclusion – it’s not just CSR
It’s good to do good but it’s even better to do good and make a profit was my takeaway from a lively discussion around financial inclusion at the recent Citi Digital Money Symposium held in London.
Will the CFPB’s Proposed Six-Month Effective Date Extension Be Enough?
In a Notice of Proposed Rulemaking, the CFPB proposed pushing back the effective date of the final prepaid accounts rule to April 1, 2018. The six-month delay provides industry participants more time to handle the difficulties of complying with certain provisions of the rule and for the CFPB to assess whether any additional adjustments to the rule are appropriate. Comments are due by April 5, 2017.
How to Make a Multigenerational Global Impact with Prepaid
With the worldwide prepaid market set to hit $3.1 trillion by 2022, providers need to have a firm handle on who those prepaid consumers will be, and how they will shop.
PayPal Bolsters its Prowess in Cash Transactions with TIO Buy
Seeking to increase its foothold among customers who prefer cash, PayPal will spend approximately $233 million to buy Vancouver-based bill payment firm TIO Networks. The acquisition is not PayPal’s first move to gain the business of consumers using cash.
Mobile money: the state of play
With mobile money technology widely available, and so many citizens having access to a mobile phone, how many are actually banking in this way? What are the benefits available to them when using mobile money? And what does the future hold for this fintech innovation?
Regtech: providing a step up the financial services pyramid
There was an interesting discussion at the recent Finance Disrupted event in London, organised by The Economist, that highlighted the opportunity for regtech to support financial inclusion.
