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SeedFi, a startup promising to help Americans build their credit and savings, has raised $15 million in equity and $50 million in debt. 
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Responding to calls for more bank services for low-income consumers, JPMorgan Chase & Co on Monday began offering checkless accounts with access to its mobile app, branches and ATMs for $4.95 a month and no minimum balance.
Vineet Anand's insight:
Chase indicated earlier in expanding its retail bank footprint now introduces 'Secure' product for under and un-banked with a fee of $4.95 per month!
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Five years in the making, Peru has launched a national mobile money network, with the aim of drawing five million of the country's unbanked into the formal banking system.
Vineet Anand's insight:
Peru launches via a special purpose company, created by banks and telcos, a national mobile money network aiming to bring 5 million unbanked to mobile banking services.
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Finextra: A new report from the World Bank has recorded a massive 20% drop in the numbers of unbanked consumers, as 700 million adults worldwide joined the formal banking system and became account holders between 2011 and 2014.
Vineet Anand's insight:
Previous estimates indicated 2.5 billion people were unbanked. Mobile payments in sub-saharan Africa is driving the shift!
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Curated by Vineet Anand
Payment Industry leader passionate about Fintech, Innovation in Banking, Product Management & Strategy, driving revenue growth through client management, business development and P&L focus.
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The Payments ecosystem is evolving at an unprecedented pace driven by mobile, cloud computing, start-up's challenging the behemoths, and new technologies. My personal collection of curated stories and blogs.
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SeedFi raises equity and debt with Andreesen leading the round. Business model serving the much unattended sector of under / un-banked population that are unable to participate in the main-stream financial products due to limited credit scores.Â