Covid-19 Relief Could Stimulate Fintech Stocks

  • 📰 WSJ
  • ⏱ Reading Time:
  • 22 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 63%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

If these stimulus payments are used like past ones, investors might want to take a closer look at fintech stocks like PayPal and Square. telisdemos explains. WSJWhatsNow

Millions of Americans have started getting another round of stimulus—and so, by extension, could many fintech companies.. Upstarts such as Chime Financial and others often offer “early access” for many incoming direct deposits, in this case enabling customers to spend stimulus money headed into their accounts a few days before a typical bank customer might.

Many neobanking firms like Chime aren’t actually banks themselves, but software companies with partner banks sitting behind features like deposits and cards. There is no magic technology involved in early access, which typically involves floating money to a customer that the bank knows will arrive shortly via the usual payment system. There is essentially no credit risk, but it does in theory tie up liquidity.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

telisdemos Just read folks are going to Las Vegas to spend their money and let lose

telisdemos For all those who are new to this working from home Bitcoin trading options Here's a little tip: Get a trusted Bitcoin expert and stick to him Blaketeddy56 Invest and play at similar times each day. Because : In times of chaos, your investment is your anchor to success⚖️

telisdemos No matter how many breakthroughs there are trials, they will pass. Enthusiasm to stay strong is required. I've invested with the wrong guy thinking I have found someone I can trust, but everything was bad, so I was trying to give up until met Mr Redmond577 I appreciate 💯💯

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 98. in NG

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines