Oxygen Taps Allpoint Network to Breathe Surcharge-Free Cash into its Banking Application
CARDTRONICS (CATM)
Last cardtronics earnings: 2/20 04:05 pm
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Source: GlobeNewswire
HOUSTON, Oct. 22, 2019 (GLOBE NEWSWIRE) -- Oxygen, a newly launched fintech focused on serving gig-economy and self-employed workers, has partnered with Cardtronics and its Allpoint Network to provide surcharge-free cash access to Oxygen customers through Allpoint’s 55,000 ATMs. Oxygen serves an important need by providing credit and banking services to freelance and independent workers. Through the Allpoint Network, the fintech’s customers will now also enjoy physical cash access to supplement the digital financial services provided by Oxygen. Oxygen, backed by Y Combinator and funded by a variety of Silicon Valley venture capital firms, is expanding quickly as a result of tapping into the substantial but underserved market of self-employed workers. Because this demographic’s income fluctuates frequently, many independent professionals find it hard to access banking services beyond a basic consumer account, while business and personal loans are difficult to obtain. Oxygen un
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