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Credit Entices, But Cash Still Packs A Punch

PYMNTS

trillion : Consumer cash spend in the Asia-Pacific Region in 2016. 16 : The number of ATMs per 10,000 people in India. 40,000 : Value of the average line of credit on the BlueVine SMB lending platform. 250 billion : What banks will need in assets to fall under the enhanced scrutiny of Dodd-Frank.

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What The UAE Is Teaching Global FinTechs About SMB Banking

PYMNTS

A recent study on the region showed that almost 65 percent of entrepreneurs in the UAE think banking is their biggest challenge. Customers will have access to checkbooks and debit cards as well, and be able to use Emirates NBD ATMs for daily banking needs. The new venture, E20, is geared toward entrepreneurs and SMBs.

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Pawn Shop Startup PawnHero Comes To Philippines

PYMNTS

The cards can then be used as debit cards at ATMs. PawnHero only runs in the Philippines for now but could expand regionally to other countries with significant underbanked populations coupled with an increasing rate of mobile penetration. PawnHero appraises the merchandise and arranges free pickup by company couriers.

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Pandemic: No Problem. And Messages From Our Financial Services Providers

Jeff For Banks

If you need to access cash, we have more than 700 Navy Federal ATMs around the world, and you have free access to another 30,000 ATMs in the CO-OP Network ®. You can find your nearest ATM here. Our Mission Despite the threat posed by COVID-19, your Navy Federal team remains committed to serving you and your families.

ATM 78
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How To Compete With Banks: Start With First Principles

PYMNTS

That said, some banking-like providers appear to be closing the primary banking services gap, particularly regional banks and credit unions (CUs). Ninety-two percent of consumers count their primary bank as either a national bank, regional/community bank or credit union. Seven percent (7.4) percent) or PayPal (3.2

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The Massive Opportunity For Insurance Tech In Indonesia

CB Insights

Two that are already seeing lots of activity are payments and lending. Meanwhile, alternative lending is also seeing strong growth, with P2P fintech platforms distributing $1.4B Indonesia’s insurance industry has yet to see the same level of competition or startup investment as payments or lending.

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Use Cases And Business Opportunities Stemming From Open Banking (4/4)

Lars Markull

In the past three blog posts, we have described what is driving open banking, the history of Open Banking, and the current status of Open Banking in different regions. And the income and spending history is one of the most important criteria for lending companies. You can find the other parts here: one , two and three. Verify Identity.