Nov 12 (Reuters) - American households that rely on services like check cashing and payday loans to make ends meet are more likely to hold cryptocurrencies, with all the risks they bring, than those ...

Under the agreement, Alpha Cash users will gain access to Prepay Nation’s global digital value distribution network, allowing individuals and families to securely deliver prepaid mobile top-ups, ...

Fueled by rising demand for accessibility of banking services in unconventional settings and technological breakthroughs, neobanks have emerged as game-changers. Neobanks are evolving at a breakneck ...

The survey indicates that more than one in four U.S. households — 28.3 percent to be exact — are either unbanked or underbanked, a slight increase from the findings of the FDIC's 2009 inaugural survey ...

The use of crypto in the United States in 2023 was more common in “underbanked” households than in those that were fully banked, the Federal Deposit Insurance Corporation (FDIC) revealed. The FDIC’s ...

Millions of Americans are living on the periphery of society. More than 1 in 10 Americans have no checking or savings account or, in other words, are unbanked. In 2023, 13% of Americans were defined ...

ATLANTA—FactorTrust®, The Alternative Credit Bureau™, today released the most recent research findings in its series of underbanked indices—the Underbanked Index – Auto version, providing insights ...

Treasury's recent rulemaking around responsible lending practices has the potential to be a game-changer for underbanked communities, writes Steven Sugarman. The United States Department of the ...

This content has been selected, created and edited by the Finextra editorial team based upon its relevance and interest to our community. With all the talk about big deals, powerful partnerships, and ...

U.S. private equity group Bain Capital said its recent agreement to buy Adani Capital was aimed to tap the "underbanked" segment of India's economy. In July, the Boston-based firm agreed to acquire 90 ...

The fintech boom has been one of the most remarkable stories in modern commerce, heralding a new era for entrepreneurs across the globe in the way that consumers connect to their businesses. No longer ...