Tagged: cash

December 3, 2023 @ 3:09 pm By Tony Zerucha  |  

This week, Mastercard released findings of its study of Latin American consumer payment preferences. The announcement was part of the Mastercard LAC Innovation Forum. Over the past few years, the use of various alternative payment methods has increased; 77% of consumers have used electronic payments, with… Read More

September 2, 2023 @ 10:11 am By Omar Faridi  |  

Whether consumers have swiped, tapped, dipped, waved a wrist or held a device near a card reader at a retail location in recent months, the chances are good “that they’ve used some form of digital, point-of-sale (POS) payment option in addition to cash.” According to… Read More

November 17, 2022 @ 10:27 pm By Omar Faridi  |  

To help meet short-term cash needs, eligible customers now have another option with the newest product from Wells Fargo & Company (NYSE: WFC) – Flex Loan. Flex Loan is described as “a digital-only, small-dollar loan that will provide millions of eligible customers convenient and affordable… Read More

December 26, 2021 @ 10:17 pm By Omar Faridi  |  

US Fintech firm Chime recently revealed that they are introducing free cash deposits at Walgreens. Chime has teamed up with Walgreens (Nasdaq: WBA) to provide free cash deposits at 8,500+ locations. That’s “more walk-in locations than you’d have using any bank in the US.,” the… Read More

September 12, 2021 @ 11:28 pm By Omar Faridi  |  

UK’s MarketFinance, one of the largest P2P invoice financing platforms, notes that if you’re a regular “around these parts,” then you’ll have most likely seen their “flex loans” cropping up quite often. As explained by MarketFinance, flex loans give small businesses fast and “flexible access”… Read More

August 27, 2021 @ 11:45 am By Omar Faridi  |  

InComm Payments, a payments tech firm, and doxo, the largest bill pay directory in the US, have joined forces to allow doxo users to pay household bills with cash at 60,000+ retail locations throughout the US. The Federal Reserve Bank of Atlanta reveals that a… Read More

August 13, 2021 @ 4:16 pm By Omar Faridi  |  

We recently connected with Neil Bergquist, CEO at Coinme, a crypto firm that’s focused on serving retail investors. Coinme offers on-the-ground access to purchase/sell Bitcoin (BTC) with cash through the Coinstar and MoneyGram. During our conversation, Neil talked about what people should consider when looking… Read More

June 8, 2021 @ 7:19 pm By Omar Faridi  |  

Paysafe (NYSE: PSFE), a specialized payments platform, recently revealed that it has extended its partnership with Utah-based IntelliPay, a provider of an “intelligent” Cloud-enabled payment service (including alternative payment models). IntelliPay, which utilizes Paysafe’s payment processing platform, will reportedly be adding the Paysafecash online cash… Read More

May 13, 2021 @ 10:27 pm By Omar Faridi  |  

Thousands of UK supermarkets and other retail outlets have reportedly committed to a “cash-friendly” pledge from Which?, an expert testing, reviewing, and advice service. According to the terms of the pledge, retailers are guaranteeing that they will keep taking physical currency notes and coins as… Read More

May 13, 2021 @ 10:40 am By JD Alois  |  

In a digital world, physical cash still counts. A lot, according to UK regulators. A speech delivered today by Sheldon Mills, Executive Director for Consumers and Competition at the Financial Conduct Authority (FCA), he revealed that 5 million individuals still count on the pound sterling… Read More

April 10, 2021 @ 8:13 pm By Omar Faridi  |  

Ping An OneConnect Bank (PAOB) recently revealed that it has teamed up with JETCO in order to provide cardless ATM withdrawal services. PAOB clients will now have the option to make cash withdrawals from over 1,700 JETCO ATM machines based in Hong Kong. Customers may… Read More

January 25, 2021 @ 1:52 pm By Samantha Hurst  |  

PeerStreet, a leading platform for investing in real estate backed loans, announced on Monday the launch of its new investment product, PeerStreet Pocket. According to PeerStreet, the PeerStreet Pocket product allows investors to earn more interest on their cash. PeerStreet also revealed that PeerStreet Pocket… Read More

January 11, 2021 @ 7:33 am By Omar Faridi  |  

Over 160 physical bank branch locations are shutting down permanently between now and the end of the lockdown period, which has been tentatively scheduled for late March 2021 in the UK.  As first reported by the Daily Mail, these bank branch closures will come as… Read More

December 27, 2020 @ 4:39 pm By Omar Faridi  |  

Dalal Buhejji, the Director of Business Development, Financial Services at the Bahrain Economic Development Board, has noted that there are currently around 400 financial institutions based in Bahrain. Buhejji pointed out that these companies are offered a “stable, predictable and proven” regulatory and business environment… Read More

December 19, 2020 @ 12:14 pm By Omar Faridi  |  

Banking challenger Branch, the Fintech firm that partners with employers, has teamed up with ProPoint Solutions salon software SuperSalon, which allows salons to digitally pay their workers. As mentioned in a release shared with Crowdfund Insider: “Branch’s integration with the point of sales software allows… Read More

October 19, 2020 @ 10:02 pm By Omar Faridi  |  

  Dubai Economy recently brought together the main stakeholders in the country’s cashless economy ecosystem at the Future Economy Lab event (workshop). The event was conducted as part of the UAE’s ongoing efforts to address COVID-19 related challenges. The Middle Eastern country is focused on… Read More

October 9, 2020 @ 10:47 pm By Omar Faridi  |  

Younger people in India including Millennials and Gen Z consumers are usually quite tech-savvy because most of them have grown up using the latest smartphones. They regularly use the internet to take care of everyday tasks – which may include conducting digital transactions for online… Read More

September 9, 2020 @ 10:30 pm By Omar Faridi  |  

Fintech firm RapiPay, a subsidiary of Capital India Finance, revealed on September 8, 2020, that it’s planning to install 500,000 micro ATMs (mATMs) in the country during the next two years. RapiPay uses a franchised retail network to offer banking business correspondents (BCs) services. The… Read More

September 2, 2020 @ 1:26 pm By Omar Faridi  |  

InComm, an established payments technology firm, and Current, a US-based challenger bank serving Americans who have been “overlooked” by traditional financial service providers, have introduced a product that will allow Current members to make cash deposits to their accounts at major physical store locations across… Read More

September 2, 2020 @ 10:54 am By JD Alois  |  

Cash as a payment option continues to decline in popularity around the world due to the ongoing COVID-19 health crisis. It has long been known that cash can be a transport vehicle for germs and just very dirty in general. The Coronavirus has brought this… Read More