#CryptoCurrency / Bitcoin Daily: Bahamas Takes Digital Sand Dollar Nationwide

The Sand Dollar state-backed cryptocurrency is now available to each of Bahamas’ nearly 400,000 inhabitants… the Sand Dollar was rolled out with the help of decentralized, wireless payments system NZIA, which served as the technology solutions provider for the cryptocurrency’s launch. The cryptocurrency, which can be mailed and received through a mobile phone app, isContinue reading “#CryptoCurrency / Bitcoin Daily: Bahamas Takes Digital Sand Dollar Nationwide”

#FinancialInclusion / JP Morgan Chase partners with Greenlight for kids account

The JP Morgan Chase app has around 39 million “active” customers – most of them adults… But its new account, called Chase First Banking, is fee-free and designed for both kids – as young as six – and teens to manage their money under their parents’ supervision. JP Morgan’s new product allows users to completeContinue reading “#FinancialInclusion / JP Morgan Chase partners with Greenlight for kids account”

#FinancialInclusion / Monet Money to target UK’s creatives with cash flow app

The start-up promises to process invoices submitted via the app by freelancers and small businesses within 24 hours… [Monet Money:] “We’ll do the hard work in waiting for brands to pay” … a free invoice creation tool is also integrated in the app. Despite promising a 24-hour turnaround, businesses still only have to pay invoicesContinue reading “#FinancialInclusion / Monet Money to target UK’s creatives with cash flow app”

#FinancialInclusion / First Women’s Bank picks Fiserv to underpin 2021 launch

First Women’s Bank focuses on the women’s economy through small business lending. The bank plans to utilise core banking and front office digital engagement software from Fiserv. [CEO:] “We’ll be more than a bank. We are building a first-of-its-kind platform to connect small businesses with innovative capital solutions, provide opportunities to promote gender equality, andContinue reading “#FinancialInclusion / First Women’s Bank picks Fiserv to underpin 2021 launch”

#FinancialInclusion / Mexico’s credit alternative challenger Klar lands $15m Series A

[Co-founder and chief financial officer:] “We help people build credit by looking at how and where they spend their money, instead of being stuck with traditional credit scores that are backward looking and obsolete.” The lack of credit histories – and hence the limited access to credit – in Mexico comes down to financial inclusion…Continue reading “#FinancialInclusion / Mexico’s credit alternative challenger Klar lands $15m Series A”

#FinancialInclusion / Freelancer banking startup Lili raises $15M

The startup… is creating a bank account and associated products designed for freelancers, with features like early access to direct deposit payments and the ability to set aside a percentage of income for taxes. … the platform has seen rapid growth this year, with … nearly 100,000 accounts opened since the launch in 2019 [as]Continue reading “#FinancialInclusion / Freelancer banking startup Lili raises $15M”

#SocialBanking / Line launches ‘social banking’ platform in Thailand

Tech giant Line has begun offering integrated banking services to people in Thailand through its hugely popular social media platform. Japan-based Line has joined forces with Thailand’s Kasikornbank on Line BK, a "social banking" service. From this month, Thai users can sign up for Line BK under the wallet tab in the Line app andContinue reading “#SocialBanking / Line launches ‘social banking’ platform in Thailand”

#FinancialInclusion / Ripple Boosts Digital Financial Inclusion

… Ripple donated £7.73 million to humanitarian aid organization Mercy Corps, intending to bolster the non-governmental organization’s efforts to help create economic opportunities for those in areas with flawed financial systems… … Mercy Corps has been able to help over 220 million people survive a variety of humanitarian conflicts. And through work with RippleWorks, theContinue reading “#FinancialInclusion / Ripple Boosts Digital Financial Inclusion”

#LendTech / Introducing Varo Advance: Instant Cash Access up to $100

Designed to help customers proactively manage their finances, Varo Advance offers instant access to up to $100 cash right in the Varo Bank app. With a fixed, transparent cost structure – no tips, no hidden fees, and no instant access fees – Varo Advance provides an advance of up to $20 for free, with aContinue reading “#LendTech / Introducing Varo Advance: Instant Cash Access up to $100”

#FinancialInclusion / Starling runs out of Kite cards as demand for child-friendly debit card skyrockets

Starling Bank ran out of its Starling Kite cards following a surge in demand for the dedicated children’s debit card. … the digital bank said that it had experienced a “huge response” for its newly-launched Kite cards and, despite briefly running out of cards, has now replenished its stock. [Starling’s chief banking officer:] "Kite hasContinue reading “#FinancialInclusion / Starling runs out of Kite cards as demand for child-friendly debit card skyrockets”