Fintech News

SEPTEMBER 4, 2024

India’s remarkable BNPL growth has been driven by its low credit card penetration and limited access to formal credit, coupled with a booming e-commerce market that has been fueling demand for BNPL services. Amazon Pay Later Amazon Pay Later Amazon Pay Later is a convenient credit service offered by Amazon.in

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BNPL Online and Mobile Banking Credit Limit Credit Cards 104

PYMNTS

SEPTEMBER 20, 2018

Banks offer credit limits to borrowers that would seem punitively low in much of the Western world, so there is a pent-up demand for online alternatives. The opportunity is also gigantic, Cheng told Webster, given that the country has some 800 million working adults, with less than half of them in possession of a credit card.

P2P 66

P2P Credit Cards Online and Mobile Banking Credit Limit 66

PYMNTS

NOVEMBER 2, 2018

In China , X Financial specializes in helping underserved prime borrowers and mass affluent investors by matching those borrowers with investors willing to loan them money. That means the big opportunity for X Financial comes from the 400 million or so Chinese consumers who have credit cards, but are hampered by limits that are too low.

P2P 53

P2P Credit Cards Underserved Credit Limit 53

PYMNTS

SEPTEMBER 15, 2017

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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Financial Inclusion FinTech Credit Cards Caps 79

CB Insights

FEBRUARY 13, 2020

As businesses and consumers become more comfortable using credit cards online, the proportion of US commerce that takes place online has steadily increased over the last 20 years. In 2000, PayPal launched business accounts, allowing businesses to accept unlimited credit card payments with a standard 2.9% + $0.30

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Payment APIs and Integration Online and Mobile Banking Payments Push-to-Card 98

PYMNTS

MAY 15, 2018

They are just vastly underserved. credit cards in their wallet. Habgood said that, as the credit markets are currently designed, these consumers must often choose between two imperfect options. Habgood said that, as the credit markets are currently designed, these consumers must often choose between two imperfect options.

Push-to-Card 46

Push-to-Card Non-Bank Credit Cards Consumer 46

The Fintech Times

OCTOBER 30, 2024

Time to rethink access barriers Ivo Gueorguiev, co-founder of Paynetics “HSBC’s recent move to accept overseas credit histories for UK mortgages is a strong start, but real financial inclusivity needs broader, tech-driven solutions,” explains Ivo Gueorguiev , co-founder at payment service provider Paynetics.

Financial Inclusion 59

Financial Inclusion Embedded Finance Non-Bank Consumer 59