Remove Credit Cards Remove Credit Limit Remove Financial Inclusion
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GXS Bank Rolls Out Credit Card with Flat Fees Instead of Compounding Interest

Fintech News

Digital bank GXS has launched the GXS FlexiCard , a credit card that charges flat fees on outstanding balances rather than traditional revolving interest. With the GXS FlexiCard, these consumers now have the opportunity to start building their credit history.

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JULO’s Smartphone Insurance Powered by Qoala Hits 200K Mark in 3 Months

Fintech News

It is a new feature embedded in the company’s virtual credit card solution. JULO, which has been in the fintech industry for seven years, aims to promote financial inclusion in Indonesia through its virtual credit card. The entire process can be managed through the JULO app.

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How A Bank And A FinTechs Are Jointly Cracking The Code On Financial Inclusion

PYMNTS

According to Orloff, LendUp and Beneficial State came up with the idea to offer a socially responsible credit card product several years ago, but it only came to market this spring. It has a higher interest rate – 19.99 percent to 29.99

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HSBC Now Accepts Overseas Credit History, But Why is Financial Inclusion Seeing so few Advancements?

The Fintech Times

HSBC UK recently became the first major bank to enable international customers to leverage their international credit history to apply for a UK mortgage application. While this represents a significant step forward, should financial inclusivity have moved further ahead by now? Then we’ll make real progress.”

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5 Lessons APAC Digital Banks Can Learn from Nubank’s US$1B Profitability Journey

Fintech News

Embrace Financial Inclusion One of the key drivers behind the success of Nubank has been its unwavering commitment to financial inclusion — a major focal area for APAC digital banks as well. This presents a massive untapped market for digital banks willing to prioritise financial inclusion.

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Can Alternative Data Move The Dial For Financial Inclusion?

PYMNTS

FICO was an ideal fit for the FCRA world, and has been the dominant credit scoring model in the United States for over four-and-a-half decades as a result. Without a reasonable FICO score, home buying (with mortgages) auto-loans, credit cards and even simple checking accounts all become out of reach for consumers.

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NBO, PayMate partner to offer B2B payment solutions using Visa business credit cards

Fintech Finance

In a significant move towards modernising business-to-business (B2B) payment processes, PayMate India SPC, a leading B2B digital payments company, has signed a Memoranda of Understanding (MoU) with the National Bank of Oman (NBO) to digitise, automate, and streamline B2B payments using Visa Business Credit Cards.