Fintech Insider Podcast by 11:FS

977. News: Pan-African card debuts, Tink teams up with Chip, and Circle doubles down on licence

Jul 7, 2025
Guest
Tim Chong
Guest
Wiza Jalakasi
Guest
Ian Morrin
Ian Morrin, Head of Payments at Tink, Wiza Jalakasi, Director at EBANX, and Tim Chong, CEO of Yonder, dive into exciting advancements in fintech. They unveil Yonder's new Pan-African debit card scheme designed to streamline cross-border payments across the continent. The panel discusses Tink's collaboration with Chip to enhance payment integration and Circle's move to secure a U.S. National Trust banking license. They even throw in a humorous take on an AI's identity crisis in the vending machine business!
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ANECDOTE

Yonder's Debit Card Innovation

  • Yonder launched debit cards offering rewards without requiring credit checks, targeting those who like rewards but avoid credit.
  • They use open banking to assess spending behavior instead of traditional credit scoring, increasing accessibility.
INSIGHT

Pan-African Card Scheme Purpose

  • The first Pan-African card scheme aims to reduce reliance on Visa and MasterCard by keeping transactions and data within Africa.
  • It addresses payment fragmentation and promotes financial inclusion by enabling easier cross-border payments.
INSIGHT

Tink and Chip Payment Integration

  • Open banking payment integration with Chip simplifies account funding via direct bank transfers, bypassing card networks.
  • This reduces user error and speeds up deposits for a more seamless customer experience.
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