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Today In Payments: Marqeta Preps For IPO, Had $4.3B Valuation In May; Punjab National Bank Faces Third Major Fraud

PYMNTS

JULY 10, 2020

In today’s top news, Marqeta prepares for an IPO, and Punjab National Bank was defrauded $491 million by one of its customers. Oakland, California-based issuer processor Marqeta, which is backed by Goldman Sachs, is preparing for an initial public offering (IPO) and seeking out investment banks for advice. Valuation In May.

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National Fraud Oakland Payments 130
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How A Bank And A FinTechs Are Jointly Cracking The Code On Financial Inclusion

PYMNTS

SEPTEMBER 15, 2017

The teams at FinTech startup LendUp and Oakland-based Beneficial State Bank think very differently about that relationship. percent – for a credit card than the national average, but according to The PEW Charitable Trusts, is a fraction of the payday lending rate, which is around 400%. It has a higher interest rate – 19.99

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Fintech System Lending Cards 198
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