Payments News

On The Web

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9mobile, Others Parley on Deepening Financial Inclusion

“As part of efforts to promote and deepen financial inclusion among the unbanked and underbanked population in Nigeria, 9mobile, Sanef, Ecobank and other stakeholders in the financial sector have discussed actualising the cashless vision of the Central Bank of Nigeria. According to a statement issued on Monday, this was at the virtual forum series, organized […]
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Serving the Underbanked

“If you are underbanked you probably have limited access to mainstream financial services normally offered by retail banks. According to FDIC research, nearly one-quarter of the country is unbanked or underbanked and COVID-19 threatens to draw more into this consumer category. Many fintech startups offer alternative ways to measure credit risk, and assert that their […]
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On The Wires

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Deals

Mobility Capital Finance Inc. Receives Capital Investment From Mastercard

“The inequities in today’s financial system have left many Americans without access to affordable services, instead relying on payday lending, expensive cash checking services and remittance fees. Mobility Capital Finance (MoCaFi ), a financial technology, mobile-first banking platform, and Mastercard are partnering to bring alternate financial services to underserved communities with a specific focus on […]
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Companies

Discover Recognized As The First Digital Bank To Meet Bank On’s Certification Standards

“Cashback Debit , the online checking account from Discover, was recently certified by the national nonprofit organization, Cities for Financial Empowerment (CFE) Fund. The CFE Fund’s mission is to improve the financial stability of low and moderate income households by embedding financial empowerment strategies into local governments. The CFE Fund developed the Bank On National […]
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Companies

VEON and Mastercard Enter Into Global Partnership to Boost Digital Financial Services

“VEON Ltd. (NASDAQ and Euronext Amsterdam: VEON), a leading global provider of connectivity and digital services, announces a strategic global partnership with payment technology leader Mastercard to boost digital financial services in key markets. The partnership, covering core portions of VEON’s footprint (Russia, Pakistan, Ukraine, Kazakhstan and Bangladesh), will allow VEON to further scale its […]
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Mastercard and Samsung Partner to Enable Digital Inclusion | Global Hub

“Mastercard’s Pay on Demand platform is designed to accelerate digital inclusion by bringing together financial institutions, original equipment manufacturers and telcos to holistically solve issues that have limited device financing in emerging markets. In line with Mastercard’s principles for data responsibility , the solution allows consumers to access devices in a pay-as-you-go model.”