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Bodegas Are The New Frontier For Underbanked Communities OLB Group Leading The Charge

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–News Direct–

By Faith Ashmore, Benzinga

Millions of Americans are living on the periphery of society. More than 1 in 10 Americans have no checking or savings account or, in other words, are unbanked. In 2023, 13% of Americans were defined as underbanked, meaning that they had some type of bank account but regularly used alternative financial services. Unsurprisingly, this phenomenon is affecting young people disproportionately with over half of the underbanked being millennials. For a generation that is constantly in the headlines for not being able to afford houses, struggling in the job market and generally fighting to make ends meet, this is a huge area of concern and an opportunity for some companies.

Being unbanked or underbanked presents major challenges for individuals, as it limits their ability to securely store and manage their money, access credit and receive payments efficiently. Without a bank account, individuals often have to rely on alternative financial services with high fees and interest rates, making it difficult to save or invest in their future. Unbanked or underbanked individuals subsequently turn to their communities for support in lieu of traditional banking institutions. Bodegas and neighborhood convenience stores have historically been on the frontlines of these struggles because of their access to these communities and the ability of small businesses to provide alternative support.

Serving Unbanked Communities

OLB Group (NASDAQ: OLB) is leveraging local communities and bodegas to extend support to unbanked and underserved communities. With a digital commerce platform known as Point of Banking (POB), the company is catering to the needs of over 10,200 merchants across the country. The POB platform is gaining recognition as a potential disruptor in the fintech sector by specializing in serving the unique requirements of the underbanked population.

At the heart of POB's mission is the commitment to transforming financial services for bodegas and other small-scale businesses, particularly benefiting the unbanked and underbanked communities. By offering a comprehensive array of products and services, POB aims to bridge the gap between traditional cash-only operations and the digital financial landscape, empowering local businesses to provide diverse financial services to their customers. The company already has in place a working relationship with approximately 2,000 bodegas throughout the country and that network continues to expand.

With these bodegas, POB facilitates the issuance of physical and digital prepaid cards and enables cash-loading services, online product purchases, bill payments and EBT services. The company is currently working on future initiatives like cash withdrawal, money transfer services and even micro-loans. This strategic focus on local partnerships and innovative financial solutions underscores the companys dedication to fostering financial inclusion and accessibility for underserved populations while increasing company revenues and profitability.

The company has also acquired other companies to help advance its mission. In June 2023, OLB acquired a controlling interest in black011.com, which encompasses Black Wireless and Mango Mobile. This strategic acquisition enabled the company to offer a Point of Sales (POS) system to customers so they can purchase products and seamlessly reload mobile phone minutes without needing a bank account or credit card.

By expanding services to more underbanked communities and small businesses, the company can address a critical market need and contribute to financial inclusion. OLB is also working on integrating new technologies like blockchain and AI in order to democratize banking for millions more Americans. OLBs collaboration with bodegas around the country could provide opportunities that have been previously out of reach for many and, concurrently, provide a huge new market for additional sources of revenue for OLB Group.

Featured photo by Robinson Greig on Unsplash

Benzinga is a leading financial media and data provider, known for delivering accurate, timely, and actionable financial information to empower investors and traders.

This post contains sponsored content. This content is for informational purposes only and is not intended to be investing advice.

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info@benzinga.com

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http://www.benzinga.com

View source version on newsdirect.com: https://newsdirect.com/news/bodegas-are-the-new-frontier-for-underbanked-communities-olb-group-leading-the-charge-490892524

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Press Release

Quizmatch Unites Blockchain, GenAI, and Telecom Networks to Redefine OnChain Gaming

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Everyone loves good trivia, and now quizzes, GenAI, tournaments, digital asset rewards, blockchain, and telecom networks unite in an innovative way. Enter Quizmatch, a revolutionary blockchain-powered tournament platform, gamified with AI-driven quizzes, rewards, and digital asset ownership, all seamlessly integrated with telecom networks and social platforms.

With the rise of play-to-tap mini-games, Quizmatch offers players an engaging way to compete in quizzes on trending topics. Users can instantly verify results on-chain, ensuring complete transparency and immutability of leaderboards. Gone are the days of wondering if game outcomes are manipulated – Quizmatch solves this with its decentralized, tamper-proof technology.

Digital IPs are struggling to meaningfully engage and retain users. Superbrands are catching on to this trend. The New York Times has embraced its role as a gaming destination, LinkedIn has added casual social games to its platform, and two of the top food apps in India now offer quiz games tied to cricket with digital collectibles. Over 75 games are now playable directly on YouTube. Additionally, the recent hype around tap-to-earn Telegram mini-games, like Hamster Kombat, and combat-centric clicker games such as Rocky Rabbit, is making waves throughout the industry.

Telecom Partnerships for Wider Reach

As part of its ambitious roadmap, Accioo, the company behind Quizmatch, registered in Singapore earlier this year, has secured strategic partnerships with major global telecom networks, such as Jio in India and Robi Axiata in Bangladesh, giving the platform access to over 500 million users. Adding a few more global telecom operators from the Middle East, Africa, and LATAM is also on the horizon as Accioo aims to expand its reach further. These partnerships highlight the platform’s immense scalability and potential to bring web3 gaming experiences to millions.

Built on the Sei Blockchain: Speed and Efficiency for Web3 Users

Quizmatch is built on the Sei blockchain, the fastest parallel blockchain, supported by institutional heavyweights like Coinbase, Delphi Digital, and Circle Ventures, known for its speed and efficiency. With a block finality of 390 milliseconds, Sei is designed to offer Web2-like experiences, making it ideal for high-frequency trading and real-time digital interactions.  Sei allows Quizmatch to offer real-time interactions similar to traditional web applications.

Jason Lim, Global Gaming Lead at Sei Foundation, emphasizes, “For us, empowering Quizmatch with the right speed to onboard that many new Web3 users and support such high on-chain transaction volumes is a proposition that fits Sei organically. We are one of the fastest-growing L1 ecosystems in the world right now.”

Speaking about the platform’s vision, Gaurav Raj Thakur, Co-founder and CEO of Accioo, stated, “Web3 has always posed challenges with its complex onboarding processes, and our goal is to change that. Through Quizmatch’s simple, yet engaging tournament framework, we aim to make blockchain accessible to billions of Web2 users, truly democratizing the digital gaming experience.”

In the near future, the company intends to add more features in Quizmatch. The mini quiz tournaments might soon be launched from within social media platforms such as the X by simply calling for the Quizmatch bot. The platform is designed to host quiz tournaments in multiple languages, including vernacular ones, creating a more personalized and culturally resonant experience.

Saurav Dwivedi, Co-founder and CTO, adds, “We’re collaborating with various telco networks, SDP partners, and Layer 1 chains to create a truly unique experience. Our in-house compliance engine ensures culturally relevant and engaging quiz content as we expand across multiple geographies.”

Quizmatch’s approach has already caught the attention of industry observers. The platform was recently selected for the ALPHA Startup Program at Web Summit Doha, standing out at 1,043 chosen from nearly 10,000 applicants worldwide startups from around the world.

 Quizmatch continues to push the boundaries of gaming and blockchain technology, it is well on its way to becoming a game-changer in the digital entertainment space, transforming how users engage, compete, and own digital assets on a global scale.

Contact Info:
Name: Gaurav
Email: gaurav@quizmatch.games
Organization: quizmatch.games
Website: https://quizmatch.games/

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Press Release

Dianetics Diamond Jubilee commemorated at the Frankfurt Buchmesse: 75 years of positively transforming millions of lives

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Four leading book distributors in Europe chose the Frankfurt Buchmesse to deliver their recognitions to the BestSelling book Dianetics at the launch of celebrations for its 75th Anniversary and wide distribution since publication in May 9th 1950.

Four leading book distributors in Europe chose the Frankfurt Buchmesse to deliver their recognitions to the BestSelling book Dianetics from L. Ron Hubbard at the launch of celebrations for its 75th Anniversary and wide distribution since publication in May 9th 1950.

The 2024 Frankfurt Buchmesse could not have concluded more appropriately than with L. Ron Hubbard’s Dianetics: The Modern Science of Mental Health being acknowledged “for positively and permanently transforming millions of lives over the past three quarters of a century” said a representative.

The book has been honored with four prestigious recognitions from distributors across Europe, as if marking the four cardinal points of the continent. From the North, the UK acknowledges its continued inspiration; from the South, Italy celebrates its profound impact; from the East, Slovakia praises its enduring legacy; and from the West, Spain highlights its perennial bestseller status.

In this regards, Marvin Blagsden, Managing Director of Gazelle Book Services, presented a commemorative plaque recognizing “the extraordinary legacy” of L. Ron Hubbard, which “continues to inspire and guide people worldwide, making a lasting impact on personal development and well-being.” 

Going down south in EuropeDonatella Nazzi, Manager of Libro Co Italia, recognized L. Ron Hubbard’s “remarkable contribution to literature and human knowledge,” adding, “We are very pleased to distribute Dianetics. We have many interesting ideas for next year’s celebration of your anniversary, and I’m sure we can do a great job together.”

In crossing to Slovakia in eastern Europe, Heureka granted Dianetics: The Modern Science of Mental Health by L. Ron Hubbard the award “Finalist Product of the Year 2023 in the Category of Books” and flying to the western Europe in Spain, Arnoia Distribución de Libros S.A., a Galician business group at the forefront of book distribution in Spain and abroad for over 30 years, joined in with another award “to congratulate L. Ron Hubbard for his vast and extraordinary body of published works in honor of the 75th anniversary of his perennial bestseller Dianetics: The Modern Science of Mental Health.”

 

L. Ron Hubbard’s Legacy: One of the Most Enduring and Widely Read Authors in Literary History

As an author, humanitarian, and the founder of Dianetics and Scientology, L. Ron Hubbard stands as one of the most acclaimed figures of the modern age

His writing career, which spanned more than half a century, established him as a leading light in American fiction and as the author of over 35 million words of nonfiction—the most comprehensive exploration of the human mind and spirit, providing a unique pathway to total spiritual freedom. 

Recognized as one of the top 20 bestselling authors of all time, Hubbard’s works have been translated into 114 languages, with more than 325 million copies in circulation, including over 3,000 recorded lectures and approximately 5,000 writings. 

In testament to the magnitude of his literary legacy, he holds four Guinness World Records: for most published author, most translated author, the author with the most audiobook titles, and for the single most translated non-religious work.

Time-Tested Technology: Just as Relevant in 2024 as in 1950.

Published on May 9, 1950, a forerunner of Scientology, Dianetics was proclaimed by the national columnist Walter Winchell in a telling prediction, “There is something new coming up in April called Dianetics. A new science which works with the invariability of physical science in the field of the human mind. From all indications it will prove to be as revolutionary for humanity as the first caveman’s discovery and utilization of fire.”

If Winchell’s statement was bold, it was nonetheless accurate, for with Dianetics came the first definitive explanation of human thinking and behavior. Here, too, “was the first means to resolve problems of the human mind, including unreasonable fears, upsets, insecurities and psychosomatic ills of every description” said one of the fans.

At the core of such problems lay what L. Ron Hubbard termed the “reactive mind” and defined as that “portion of a person’s mind which is entirely stimulus-response, which is not under his volitional control and which exerts force and the power of command over his awareness, purposes, thoughts, body and actions.”  

“That the mind still recorded perceptions during moments of partial or full unconsciousness was dimly known. But how the engram impacted physiologically, how it acted upon thinking and behavior—this was entirely new” says one of the readers,In short, here lay a mind, as Mr. Hubbard so powerfully phrased it, “which makes a man suppress his hopes, which holds his apathies, which gives him irresolution when he should act, and kills him before he has begun to live.”

“As word of  Dianetics spread, general response was considerable: more than fifty thousand copies were acquired by the general publicimmediately off the press, while bookstores struggled to keep it on shelves. As its experienced workability grew, public response grew even more dramatic” said Ivan Arjona-Pelado, European representative for the Church of Scientology.

“Dianetics—Taking U.S. by Storm” and “Fastest Growing Movement in America” read newspaper headlines through the summer of 1950. “While by the end of the year, some 750 Dianetics groups had spontaneously mushroomed from coast to coast and six cities boasted research foundations to help facilitate Mr. Hubbard’s advancement of the subject” continued Arjona-Pelado.

Over the years, Dianetics has become an international phenomenon, with more than 22 million copies in circulation, translated into 50 languages, and distributed in 175 countries worldwide

“As a perennial bestseller, Dianetics is indisputably the most widely read and influential book on the human mind” concluded Arjona-Pelado.

Media Contact

Organization: European Office Church of Scientology for Public Affairs and Human Rights

Contact Person: Ivan Arjona

Website: https://www.europeanaffairs.eu

Email: Send Email

Address: Boulevard de Waterloo 103

City: Brussels

State: Brussels

Country: Belgium

Release Id: 21102418720

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Press Release

Shoreline Property Management Expands Reach

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Shoreline Property Management is thrilled to announce the continued growth of its property management services, now covering additional neighborhoods including Evanston, Rogers Park, Skokie, West Ridge, and Lincolnwood. The company offers comprehensive, hassle-free property management solutions, designed to maximize property value and ensure tenant satisfaction for local property owners and investors.

With years of experience and a strong focus on client care, Shoreline Property Management provides a full suite of services, including tenant screening, property maintenance, rent collection, leasing, and legal compliance. The goal is to simplify property ownership and increase rental income, making it easier for clients to manage their investments.

“At Shoreline Property Management, our mission is to take the stress out of managing properties,” said a company representative. “We understand the unique needs of property owners in these neighborhoods and provide tailored services to help improve property performance and tenant relations.”

Comprehensive Services for Chicago-Area Property Owners

Shoreline Property Management offers a wide range of services that help property owners keep their properties in top condition, including:

  • Tenant Screening and Selection: A thorough process to ensure only qualified, reliable tenants are placed, minimizing vacancies and tenant turnover.
  • Property Maintenance and Repairs: Management of both routine maintenance and emergency repairs to keep properties in excellent condition.
  • Rent Collection and Financial Reporting: Efficient rent collection, combined with detailed financial reports, helps owners track the performance of their investments.
  • Marketing and Leasing: Leveraging advanced marketing strategies, including digital advertising and open houses, to attract high-quality tenants.
  • Legal Compliance and Lease Enforcement: Managing lease agreements while ensuring properties comply with local laws and regulations.

Serving Key Neighborhoods and Zip Codes

Shoreline Property Management is proud to serve the following zip codes:

  • Evanston: 60201, 60202
  • Rogers Park: 60626
  • West Ridge: 60645, 60660
  • Skokie: 60076
  • Lincolnwood: 60712

Transparent Pricing with No Hidden Fees

Shoreline Property Management is committed to offering competitive pricing without hidden fees. Clients are charged based on a clear fee structure that includes all aspects of property management, leasing, and maintenance coordination. This transparency ensures property owners always know what they are paying for, allowing for a stress-free management experience.

Why Shoreline Property Management Stands Out

Shoreline Property Management prides itself on offering:

  • Local Expertise: In-depth knowledge of the market and trends in neighborhoods like Evanston, Rogers Park, Skokie, West Ridge, and Lincolnwood allows the team to provide expert guidance.
  • Client-Centered Service: A personalized approach ensures that every client receives tailored services that meet their property management needs.
  • Tenant Satisfaction: By focusing on tenant happiness, Shoreline Property Management helps property owners secure longer leases, reducing vacancy and turnover rates.

About Shoreline Property Management

Shoreline Property Management provides exceptional property management services throughout Chicago and its neighboring suburbs. Specializing in rental properties, the company’s focus is on maintaining high-quality service and tenant satisfaction, while maximizing the return on investment for property owners.

For more information about Shoreline Property Management and its services, visit shoremanage.com or contact the team at (708) 397-6636 or via email at support@shoremanage.com.

https://maps.app.goo.gl/QcVK7i8sjZQU5aZg6 

Media Contact

Organization: Shoreline Property Management

Contact Person: Support Team

Website: https://shoremanage.com/

Email: Send Email

Contact Number: +17083976636

City: Chicago city

Country: United States

Release Id: 21102418704

The post Shoreline Property Management Expands Reach appeared on King Newswire. It is provided by a third-party content provider. King Newswire makes no warranties or representations in connection with it.

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