Remove Online and Mobile Banking Remove Small Business Remove Underserved
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Who Are The Applicants for Thailand’s Virtual Banking License?

Fintech News

Thailand is moving closer to welcoming its first virtual banks, with the Bank of Thailand (BOT) currently accepting applications for the virtual banking license. With the deadline looming on the 19th of September 2024, speculations are rife for Thailand’s virtual banking license applicants.

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Concerns Over Financial Inclusion Gap in Rural Areas Amid More Bank Closures

The Fintech Times

Lloyds Banking Group is shutting down its mobile van banking service this year and closing 123 branches, sparking concern over reduced access to essential financial services, particularly in rural and underserved areas. is unhappy with Lloyds’ decision to stop its mobile van banking service.

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Radius Bank Goes Mobile For Micro-Businesses

PYMNTS

Virtual bank Radius Bank — which services small businesses (SMBs), micro-firms and consumers — is rolling out a revamped digital banking platform and a mobile banking app, the company said on Monday (Dec. The platforms have added new digital solutions for financial budgeting and tracking as well.

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What are Developing Countries Doing to Improve Access to Finance?

The Fintech Times

Nicky Senyard, CEO and founder of Fintel Connect “Developing countries are actually great places for new ideas because they often don’t have traditional banks. This shift has led to a bunch of great advancements in mobile banking and money apps, making it possible for financial services to reach even the most remote areas.

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Where Challenger Banks & Incumbents See The Next Digital Banking Opportunity

CB Insights

In the past few years, the burgeoning popularity of digital banks has only underscored the severity of these problems, with upstarts like Chime and SoFi offering cheaper, faster, and more convenient banking experiences. . get the state of challenger banks report. First name. First name. Company Name. Phone number. Source: PwC.

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Coconut Adds PrePay Solutions Tech For Freelancer Banking

PYMNTS

challenger bank Coconut, which launched only weeks ago to provide banking services for freelancers, has landed a new partner. 7) said PrePay Solutions (PPS) is working with the company to provide Coconut its banking infrastructure and prepaid card technology. Reports Wednesday (Feb.

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Stripe Teardown: How The $35B Payments Company Plans To Supercharge Online Retail

CB Insights

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. Stripe really did come about because we were really appalled by how hard it was to charge for things online.” — John Collison.