article thumbnail

Dave posts first quarterly profit since 2016 inception

Bank Automation

For the first time since it was founded in 2016, digital bank Dave posted a profitable quarter. Dave reported fourth-quarter adjusted EBIDTA of $10 million compared to a loss of $13 million in Q4 2022, according to the bank’s earnings release today.

Posting 80
article thumbnail

Carrier Billing in India 2016 Market Report

Payments Dive

India is home to the world’s second largest smartphone user base after China, having overtaken the US in the beginning of 2016. This market report gives an overview of the carrier billing ecosystem in India.

97
article thumbnail

Goldman’s Marcus Has Lost $1.3B Since 2016

PYMNTS

Consumer bank Marcus , launched by Goldman Sachs in 2016, has lost $1.3 In 2016, Marcus launched consumer savings accounts with an opening balance of just $1. billion despite buying startups and building call centers in Utah and Texas, The Wall Street Journal reported Saturday (Sept. It also offered loans for a “few thousand dollars.”.

article thumbnail

Uber Faces Fine From France For 2016 Data Breach

PYMNTS

20) that it fined Uber $460,000 over its 2016 data breach that exposed the data on 57 million customers and drivers across the world. Earlier this year Uber settled with the state of California, agreeing to pay $148 million over the 2016 breach. The French Data Protection Authority said Thursday (Dec.

article thumbnail

Mobile Payments Today: 2016 in review

Payments Dive

Was 2016 the year of mobile payments?

article thumbnail

Payments 2016, The Year Of …

PYMNTS

From open APIs to omnichannel, from EMV chip cards to faster payments, it’s hard to put a finger on exactly which happenings in the payments space had the biggest impact in 2016. PYMNTS consulted 21 payments executives from across the industry to share their insights on the biggest takeaways from 2016.

article thumbnail

Q3 2016 (Mostly) Hits The Target

PYMNTS

The cross-border payments firm released its full-year 2016 report this week, and CEO Hank Uberoi highlighted revenue increases across the globe. For the year ended June 30, 2016, Earthport saw a 64 percent increase in payment volume, hitting $11 billion this year. ” Earthport. million, an 89 percent increase from last year.