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For decades, it’s been a riddle in banking: how do you build a sustainable and profitable business serving low and middle-income consumers? Sixteen years ago, Chris Britt, then chief product officer at Green Dot, believed he’d discovered the answer—direct deposit of paychecks. <br/><br/>Green Dot was selling prepaid debit cards to cash-strapped Americans without traditional bank accounts, and Britt saw that customers who had their paychecks automatically deposited into their Green Dot accounts used the card to pay virtually all their expenses. With each debit card swipe, Green Dot pocketed part of the interchange fees–the 1% to 2% charge merchants pay to accept debit and credit cards.<br/><br/>“The people on direct deposit were clearly the whales of the business,” says Britt, 51, the cofounder and CEO of Chime, the nation’s largest digital-only bank with $1.5 billion in annualized revenue and seven million customers using its cards for $8 billion a month in transactions.<br/><br/>Read the full story on Forbes: https://www.forbes.com/sites/jeffkauflin/2024/05/03/exclusive-the-inside-story-of-chime-americas-biggest-digital-bank/?sh=4f40891cfb0d<br/><br/>Subscribe to FORBES: https://www.youtube.com/user/Forbes?sub_confirmation=1<br/><br/>Fuel your success with Forbes. Gain unlimited access to premium journalism, including breaking news, groundbreaking in-depth reported stories, daily digests and more. Plus, members get a front-row seat at members-only events with leading thinkers and doers, access to premium video that can help you get ahead, an ad-light experience, early access to select products including NFT drops and more:<br/><br/>https://account.forbes.com/membership/?utm_source=youtube&utm_medium=display&utm_campaign=growth_non-sub_paid_subscribe_ytdescript<br/><br/>Stay Connected<br/>Forbes newsletters: https://newsletters.editorial.forbes.com<br/>Forbes on Facebook: http://fb.com/forbes<br/>Forbes Video on Twitter: http://www.twitter.com/forbes<br/>Forbes Video on Instagram: http://instagram.com/forbes<br/>More From Forbes:http://forbes.com<br/><br/>Forbes covers the intersection of entrepreneurship, wealth, technology, business and lifestyle with a focus on people and success.

How Chime Became America's Biggest Digital Bank

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e-Visa Portal:https://www.evisa.gov.ge/GeoVisa/ Visa Information: https://new.geoconsul.gov.ge/en Ministry of Immigration Affairs: https://www.geoconsul.gov.ge/HtmlPage... Georgia Visa Information: https://new.geoconsul.gov.ge/en Honorary Consulate Karachi: https://www.embassypages.com/georgia-... Pakistanis in Georgia Facebook Group: / pakistanisgeorgia Scholarships: https://scholaroo.com/georgia-scholar... Top Universities: https://www.4icu.org/ge/ Document required for visit visa Passport with 8 months validity National ID card Photograph FRC Bank Statement Account maintenance letter Tex return NTN Salary slips Employment letter Hotel booking booking.com Airline ticket booking Cover letter Any additional supporting documents Georgia visa for Pakistani Georgia visit visa for Pakistani Georgia work visa for Pakistani Georgia visa from Pakistan Georgia visa Georgia work visa 2024 Georgia Georgia visit visa Georgia work visa Georgia visa process Georgia work permit 2024 Georgia visa in Pakistan jobs in Georgia visa on arrival Pakistani in Georgia how to get Georgia visa on Pakistani passport ,Georgia work visa for Indian Georgia visa for Pakistani 2024

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memehongkong

小米主席稱中國電動車發展靠撞彩在參與車展後感到絕望、七月後入境中國旅客或被檢查電話傳南京及福田口岸已率先執行 2024-05-08《香港新聞連線》報導

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Jimmy u0026 Babs

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UK Immigration News

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