Boom launches mobile money transfers for unbanked

Boom, the mobile personal payment and banking service announced in May, is now open, bringing its low-cost mobile alternative to cash remittance services. The service, which targets unbanked workers who often send money home, is launching in the U.S., Mexico, Dominican Republic, Jamaica and Haiti.

ZestCash gets $19M to offer data-driven loans

ZestCash, a next generation loan-service for the underbanked led by former Google CIO Douglas Merrill, has raised $19 million to expand its data-driven approach to offering short-term loans. The company uses online data to help determine the credit worthiness of customers.

Boom Brings Mobile Personal Payments to Unbanked

Boom, a new mobile remittance service, aims to undercut existing money wire services like Western Union with a solution that is designed to be cheaper, more flexible and built with mobile users in mind. It’s tapping the huge market for unbanked consumers.