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Fintech Finance
JUNE 18, 2024
ZORRZ , the pioneering fintech driving financial inclusivity, has announced its strategic partnership with CLOWD9 , a B-Corp certified processing platform, to power its innovative BlueAccess Hybrid Credit Card platform. We are thrilled to collaborate with a partner dedicated to driving change and making credit accessible to all.”
Payments Source
JANUARY 6, 2021
In launching its new challenger bank brand, GO2bank, to take on Chime and others, Green Dot has taken the opportunity to lower the barrier to obtaining a secured card for the underserved.
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Payments Source
JANUARY 17, 2020
both in number of people and number of credit card owners, the U.K. remains to be a very lucrative market for issuing banks and card networks, as well as a host of alternative financial service providers catering to younger, underserved consumers. While not as large as the U.S.
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Fintech News
APRIL 23, 2025
The company aims to develop a broader suite of intelligent digital financial services targeted at underserved populations. Its offerings span consumer lending, credit cards, payments, remittances, wealth management, and B2B services.
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Fintech News
DECEMBER 11, 2024
T hese Singapore digital banks are reshaping the sector by targeting underserved segments, driving innovation, and intensifying competition. GXS Bank , a partnership between Grab and Singtel, focuses on financial inclusivity for underserved groups, such as gig economy workers and young professionals.
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The Nilson Report
APRIL 8, 2024
The post PayJoy Launches New Credit Card for the Underserved in Mexico appeared first on Nilson Report.
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The Nilson Report
APRIL 8, 2024
The post PayJoy Launches New Credit Card for the Underserved in Mexico appeared first on Nilson Report.
52 
Payments Source
OCTOBER 10, 2019
In a move to tap into an underserved market opportunity — but with the potential for political backlash — Sallie Mae launched three different cash-back reward credit cards aimed at college students and young adults.
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Payments Source
MAY 14, 2018
Fair Square Financial has received a $100 million equity investment from the Orogen Group to fund a credit card designed for underserved U.S. consumer segments.
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Finezza
OCTOBER 9, 2024
The Reserve Bank of India (RBI) introduced Credit Line on UPI in September 2023, a move designed to bridge credit gaps and make credit more affordable and convenient for the underserved population.
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Fintech News
DECEMBER 4, 2024
Think about how easy it is to order a ride on Grab, book a hotel on Agoda, or pay for groceries on Shopee without even needing to pull out your credit card or open a banking app. Source: Pixabay In the past, paying for goods or services often required juggling multiple apps or manually entering payment details.
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PYMNTS
DECEMBER 16, 2020
Welcome Technologies , which builds data-driven tech for immigrant communities, has chosen PSCU , a credit union service organization, to provide processing services and support for the first credit card program to be offered by Welcome, an online consumer platform that focuses on immigrant communities, according to a press release.
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Finovate
APRIL 10, 2024
The deal will help Empower expand into the credit card market. Empower also announced it closed the acquisition of Philippines-based consumer credit and lending fintech Cashalo. Empower , a fintech helping to extend credit to underserved consumers, announced plans to acquire underserved credit card provider Petal.
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Fintech News
NOVEMBER 4, 2024
Capital C plans to use the funds to expand its operations into new Southeast Asian markets and develop a superapp that will provide a range of financial services to underserved communities, including the unbanked and those with limited credit history.
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Fintech News
APRIL 24, 2025
The company provides a virtual credit card and an e-commerce platform. billion credirt card bill payment platform BharatPe 2.85 billion credit lines Slice 1.8 billion revenue management platform Zeta 2 billion cards cloud-native platform Perfios 2.57 billion metal credit card solutions CoinDCX 2.15
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Fintech News
OCTOBER 8, 2024
Surfin began with consumer lending and has since expanded into various financial services, including payments, remittance, credit card issuance, and wealth management. It has also launched Sufinc, a credit card service in Mexico in partnership with Visa, which allows customers to make payments globally with no annual commission.
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Payments Source
JULY 8, 2019
Sensing a profitable opportunity in an underserved market, a variety of companies — ranging from traditional banks to fintech startups and even Amazon — are rushing into selling secured credit cards and other products designed for consumers with poor or thin credit.
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Fintech News
MARCH 11, 2024
The company aims to focus on innovation and catering to underserved market segments. These partnerships have enabled the introduction of new credit card products such as the DCS Ultimate Platinum Cards and D-Lite Cards, with more launches anticipated in 2024.
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PYMNTS
OCTOBER 1, 2020
For one firm, AeroPay — focused on bringing payment services to underserved markets — the cannabis market is but one that can benefit from the great digital shift for payments done in person or online. Looking Toward Underserved Markets . Banks have been inching into the space; cash still remains a hallmark.
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PYMNTS
AUGUST 6, 2019
India will see its first small business credit card product, according to EnKash , which announced the roll-out of its commercial card tool on Monday (Aug. Dubbed the Freedom Card , the solution has operated in beta phase for the last few weeks, reports in IndianWeb2 said.
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Fintech News
MARCH 24, 2024
In addition to its BNPL offerings, Akulaku provides a broad range of financial services, such as virtual credit cards, wealth management products, and digital banking services in partnership with Bank Neo Commerce. Since its inception in 2014, Akulaku has established a presence across Indonesia, Malaysia, the Philippines, and Vietnam.
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Fintech News
APRIL 29, 2024
The International Finance Corporation (IFC) has partnered with KB Kookmin Card (KBC), a South Korean credit card issuer, to enhance financial access for small businesses in Indonesia and promote digital inclusion in Thailand.
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Fintech Finance
MARCH 13, 2025
Curve Flex, an instalment-linked revolving credit line, will now have transactions reported in real-time through Infact’s API-based system – uniquely suited to represent Credit Card and BNPL activity accurately.
PYMNTS
MARCH 27, 2017
Fair Square Finanical Holdings, a newly formed company, recently launched consumer credit cards under the name Ollo. In a press release Friday (March 24), Fair Square Financial said it received an equity commitment to finance card issuance from Pine Brook, an investment firm focused on building financial services businesses.
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PYMNTS
NOVEMBER 30, 2020
The idea is to help startups and [SMBs] get a corporate credit card in the name of the company," said Harshil in the post, adding the card would be issued for the value of cash flows to business, which is a simple form of credit for SMBs.
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PYMNTS
MARCH 27, 2020
The new fee structure, which had been in planning for some time, would raise some credit card transactions for a number of merchants and lower it for others. ” Cards offered by Visa and other companies set what are called interchange fees , which are collected by the banks that issue the cards.
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PYMNTS
SEPTEMBER 21, 2020
The firm is usually geared toward offering global accounts to companies underserved by financial institutions. Cape Debuts 'Recession Fighting' Credit Card. The new card is forecast to roll out next year and is geared toward small to medium-sized enterprises (SMEs).
Wharton Fintech
DECEMBER 6, 2023
link] Key takeaways from our discussion: How digital technologies and fintechs have unleashed innovation in commercial banking SMEs are potentially the largest underserved category in financial services globally because the complexities of running a business and the distraction of financial services to running that business are really significant.
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The Fintech Times
MARCH 18, 2025
He will advise on PayFutures expansion strategy, as it targets high-growth underserved markets across the Middle East, Africa, South East Asia and Latin America. Customers will also be able to repay their credit cards on a monthly basis using Direct Debit. This expands a relationship which began in 2014.
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The Payments Association
DECEMBER 18, 2024
By combining traditional credit cards, digital wallets, BNPL (Buy Now Pay Later) services, and real-time payments, businesses can offer customers a seamless, personalised experience. This transformation will enable low-cost access to financial systems, empowering underserved communities and fostering inclusion.
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Fintech Finance
OCTOBER 24, 2024
million debit and credit cards in Pakistan, there are only 125,593 point-of-sale (PoS) machines. The platform offers a comprehensive range of services, from nano-lending and savings to insurance, and remains committed to expanding financial services to unserved and underserved segments of society.
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Fintech News
NOVEMBER 11, 2024
This growth was driven by digital banks entering the space and expanding lending to underserved customers through the use of advanced technologies, including artificial intelligence (AI). The MDR is the fee charged to businesses by the company that processes its debit and credit card transactions.
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PYMNTS
MARCH 10, 2020
In separate news, India landed its first SMB credit card via EnKash per news last summer. EnKash was aiming to reach startups with the credit card product, connecting small and medium-sized businesses with a revolving credit line to pay vendors, manage employee travel expenses, pay ultities and more.
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PYMNTS
MARCH 27, 2020
companies, including $75 million landing at one FinTech looking to bolster small business credit card payment adoption. FInTech that raised $75 million in Series D funding for its small business credit card technology. Even so, an impressive $114 million was raised by U.S.
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Fintech News
AUGUST 26, 2024
Besides SCB, SCBX oversees a range of subsidiaries and ventures, including SCB 10X , a venture capital (VC) firm that invests in disruptive technology and startups; Monix , a fintech company specializing in digital lending and personal finance solutions; and CardX , a subsidiary focusing on credit card and payments solutions.
PYMNTS
SEPTEMBER 20, 2016
It’s kind of an underserved segment,” said Taylor. “So, Taylor said that HeroPay, which charges a fee or commission from the payments processor and no fees from the businesses or merchants it deals with, can typically save a business about 40 percent off its credit card processing costs.
Clearly Payments
MARCH 11, 2024
Cryptocurrency offers a viable alternative for individuals and businesses, especially those underserved by traditional banking systems, to access financial services and participate in the global economy. The post How Cryptocurrency is Shaping the Future of Payments in Canada appeared first on Credit Card Processing and Merchant Account.
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PYMNTS
SEPTEMBER 20, 2018
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. They want more credit,” he said. X Financial offerings include a balance-transfer credit card product and an unsecured, high-credit-limit loan product.
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Clearly Payments
FEBRUARY 12, 2024
At the forefront of payment industry, particularly in credit cards, are two giants: Visa and Mastercard. Bank of America launched the BankAmericard in 1958, widely considered the first credit card available to consumers, which eventually evolved into Visa. UnionPay has 32% of the global credit card market.
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PYMNTS
DECEMBER 18, 2020
It also aims to develop more products for customers that may be underserved due to issues with credit scores, financial history or literacy. The company also plans to introduce more mobile banking features and greater flexibility, such as monthly subscription plans to increase Neo Cards rewards.
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PYMNTS
JULY 7, 2020
Daniel Muller , CEO and founder of AeroPay, said in the release that he hopes the tech will boost the long-underserved cannabis B2B community. . “We are committed to providing a safer, more efficient environment for cannabis businesses to operate in,” he said, according to the release.
The Fintech Times
MAY 21, 2024
The demographics of these ghosts have little to no history of credit cards, loans, rental leases, home purchases or mobile device plans, leaving them without the credit bureau history and public records data to pass the traditional identity verification systems generally used to safeguard access to our most critical services.
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PYMNTS
DECEMBER 19, 2018
Since its inception as a credit card-reading company for small businesses, the operation has since expanded to offer other services, like digital money transfers and retail installment loans.
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PYMNTS
JULY 9, 2020
Adoption remains limited largely by the decision of card issuers and banks to support the use of commercial and small business credit cards within mobile wallets. In some markets, like in the U.S., In various markets throughout Africa, however, mobile payments penetration is some of the highest on the planet.
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