Underbanked / Unbanked News & Media
Kotak Mahindra Bank joins march to cashless India with '811' mobile banking system
May 19, 2017
India's Kotak Mahindra Bank has announced the launch of "811," the nation's full-service digital banking ecosystem on mobile, in the state of Uttar Pradesh.
read nowPartnership to provide biometric ATM access for India's underbanked
October 19, 2016
Ujjivan Financial Services Ltd., a pan-Indian microfinance institution in the process of becoming a small finance bank, has announced that it will provide ATMs…
read nowSource Technologies PTM gets mobile wallet, tablet support
October 19, 2015
An embedded NFC device lets customers conduct PTM transactions through apps such as Apple Pay, Android Pay and Samsung Pay, Source Technologies says.
read nowFIS establishes 'financial inclusion lab' in India
August 24, 2015
The lab's mission is to create and test solutions that will increase financial literacy for India's unbanked millions.
read nowIndia's state banks refigure ATM install numbers for the fiscal year
July 29, 2015
The country continues to pursue its goal of universal financial inclusion enabled by a robust nationwide network of ATMs.
read nowIndicash rolls out new value-added services for white label ATMs
July 24, 2015
The network operator says that three new service offerings will help to create a 'seamless banking experience' at its 5,500 ATMs across India.
read nowPost office banking? Could be
May 27, 2015
A new report from the US Postal Service Office of the Inspector General examines five pathways the organization could take to providing bona fides banking…
read nowATM kiosk startup launches with Apple cofounder on board
May 6, 2015
Planet Capital, a developer of multifunction ATM kiosks, announced its launch in the self-service payments space last week, dropping the names of some…
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USPS pushes 'collaboration' with FIs
by Jim Ghiglieri — Senior Vice President, Corporate Communications, SHAZAM
A Pew study showed that most consumers are indifferent to the idea, but 64 percent of those in the target market (i.e., the un- and underbanked) favor it.
read nowOrange launches mobile money transfers for Ecobank customers
February 6, 2015
Accountholders can use their mobile phones to transfer funds at any time without needing to go to a distribution point or have physical cash.
read nowGemalto to deploy prepaid EMV bankcards in South Africa
January 21, 2015
The card is certified by the major payment schemes and accepted at more than 27,000 ATMs and 240,000 EMV-compliant POS terminals throughout the country.
read nowSnorrason to enable online cash payments via CashU deal
December 18, 2014
The company says its DalPay.com merchants will now be able to do business in the Middle East and North Africa using the locally preferred payment method.
read nowReport: Technologies and trends shaping walk-in bill payment
December 11, 2014
The report provides a perspective on walk-in bill payment market transactions, dollar volume, and revenue, and highlights changing trends.
read nowTIO wins patent for change-based 'reverse ATM' transactions
December 2, 2014
The patent offers a solution for transactions at a payment kiosk, or 'reverse ATM,' in which a customer must either insert exact change for a payment or round…
read nowEcuadorian FI extends service to unbanked with cash-recycling ATMs
December 2, 2014
The technology will allow Banco del Pacifico to expand into underbanked regions by reducing the frequency and cost of cash replenishment visits.
read nowIndia's ICICI Bank adds cardless cash withdrawal capability
September 12, 2014
The FI's customers can now send money to anyone in the country, even if the recipient doesn't have a bank account.
read nowATM, mobile providers meet up in Ugandan cash-out service
September 8, 2014
Customers of mobile money network MTN will be able to obtain cash at 147 Centenary Bank ATMs across Uganda.
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Low-income households pump money into retailer wallets
by Kevin Christensen — Vice President, Audit, SHAZAM
A new research paper by three economists predicts that the little guy will shell out more money as FIs seek relief from the revenue-slashing effects of the…
read nowGlobal Payout bids to acquire prepaid-based mobile banking provider
August 19, 2014
Global Payout will purchase 100 percent of Maxie Mobile, a company that enables payments and ATM withdrawals from a prepaid mobile account.
read nowResearch: 'Card malls' should be part of prepaid distribution strategy
August 15, 2014
The total dollar volume loaded through card malls grew 19 percent in 2013, and new research says growth will continue.
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