Green Dot and Marqeta Join Forces to Enhance Cash Services for Businesses and Their Customers
Green Dot (NYSE: GDOT) and Marqeta, Inc. (NASDAQ: MQ) have announced a strategic collaboration to enhance cash services across the United States. The partnership leverages Green Dot's extensive network of over 95,000 retail locations nationwide, enabling convenient cash deposits for Marqeta's customers.
The collaboration addresses the persistent demand for cash services, particularly among low-to-moderate income (LMI) and mature consumers aged 55-plus, who still prefer cash transactions according to Federal Reserve data. Through this partnership, customers can access cash deposit services at major retailers including Walmart, Walgreens, 7-Eleven, and CVS.
The Green Dot Network, powered by Arc, provides comprehensive coverage with 96% of the U.S. population living within three miles of a service location. This initiative aims to bridge the digital divide while offering affordable financial services, particularly beneficial in underbanked communities where traditional banks are reducing their physical presence.
Green Dot (NYSE: GDOT) e Marqeta, Inc. (NASDAQ: MQ) hanno annunciato una collaborazione strategica per migliorare i servizi di contante negli Stati Uniti. Questa partnership sfrutta la vasta rete di oltre 95.000 punti vendita a livello nazionale di Green Dot, consentendo depositi di contante convenienti per i clienti di Marqeta.
La collaborazione risponde alla persistente domanda di servizi di contante, in particolare tra i consumatori a basso e moderato reddito (LMI) e quelli più anziani di 55 anni, che secondo i dati della Federal Reserve preferiscono ancora le transazioni in contante. Grazie a questa partnership, i clienti possono accedere ai servizi di deposito di contante presso importanti rivenditori, tra cui Walmart, Walgreens, 7-Eleven e CVS.
La Rete Green Dot, supportata da Arc, offre una copertura completa con il 96% della popolazione statunitense che vive entro tre miglia da una sede di servizio. Questa iniziativa mira a colmare il divario digitale, offrendo servizi finanziari accessibili, particolarmente utili nelle comunità sottobancarie dove le banche tradizionali stanno riducendo la loro presenza fisica.
Green Dot (NYSE: GDOT) y Marqeta, Inc. (NASDAQ: MQ) han anunciado una colaboración estratégica para mejorar los servicios de efectivo en los Estados Unidos. La asociación aprovecha la extensa red de más de 95,000 ubicaciones minoristas en todo el país de Green Dot, lo que permite depósitos en efectivo convenientes para los clientes de Marqeta.
La colaboración aborda la demanda persistente de servicios de efectivo, especialmente entre los consumidores de ingresos bajos a moderados (LMI) y los mayores de 55 años, quienes según los datos de la Reserva Federal todavía prefieren las transacciones en efectivo. A través de esta asociación, los clientes pueden acceder a servicios de depósito en efectivo en importantes minoristas, incluidos Walmart, Walgreens, 7-Eleven y CVS.
La Red Green Dot, impulsada por Arc, proporciona una cobertura integral, con el 96% de la población de EE. UU. viviendo a tres millas de una ubicación de servicio. Esta iniciativa tiene como objetivo cerrar la brecha digital mientras ofrece servicios financieros asequibles, especialmente beneficiosos en comunidades desatendidas donde los bancos tradicionales están reduciendo su presencia física.
그린닷 (NYSE: GDOT)과 마르케타, Inc. (NASDAQ: MQ)는 미국 전역에서 현금 서비스를 강화하기 위한 전략적 협력을 발표했습니다. 이 파트너십은 그린닷의 95,000개 이상의 소매 위치의 광범위한 네트워크를 활용하여 마르케타 고객을 위한 편리한 현금 입금을 가능하게 합니다.
이 협력은 연방준비제도 이사회(Federal Reserve) 데이터에 따르면 여전히 현금 거래를 선호하는 저소득 및 중간 소득(LMI) 소비자와 55세 이상의 성숙한 소비자들 사이에서 지속적인 현금 서비스 수요를 해결합니다. 이 파트너십을 통해 고객은 월마트, 월그린, 7-Eleven, CVS와 같은 주요 소매점에서 현금 입금 서비스를 이용할 수 있습니다.
Arc에 의해 지원되는 그린닷 네트워크는 미국 인구의 96%가 서비스 위치에서 3마일 이내에 거주하는 포괄적인 커버리지를 제공합니다. 이 이니셔티브는 디지털 격차를 해소하고, 특히 전통적인 은행이 물리적 존재를 줄이고 있는 저소득 커뮤니티에 유용한 저렴한 금융 서비스를 제공합니다.
Green Dot (NYSE: GDOT) et Marqeta, Inc. (NASDAQ: MQ) ont annoncé une collaboration stratégique pour améliorer les services de trésorerie aux États-Unis. Ce partenariat tire parti du vaste réseau de plus de 95 000 points de vente de Green Dot à l'échelle nationale, permettant des dépôts de trésorerie pratiques pour les clients de Marqeta.
La collaboration répond à la demande persistante de services de trésorerie, en particulier parmi les consommateurs à revenu faible à modéré (LMI) et les consommateurs âgés de 55 ans et plus, qui préfèrent toujours les transactions en espèces selon les données de la Réserve fédérale. Grâce à ce partenariat, les clients peuvent accéder à des services de dépôt de trésorerie chez des détaillants majeurs tels que Walmart, Walgreens, 7-Eleven et CVS.
Le réseau Green Dot, alimenté par Arc, offre une couverture complète avec 96 % de la population américaine vivant à moins de trois miles d'un point de service. Cette initiative vise à réduire la fracture numérique tout en offrant des services financiers abordables, particulièrement bénéfiques dans les communautés sous-bancarisées où les banques traditionnelles réduisent leur présence physique.
Green Dot (NYSE: GDOT) und Marqeta, Inc. (NASDAQ: MQ) haben eine strategische Zusammenarbeit angekündigt, um Bargeldservices in den Vereinigten Staaten zu verbessern. Die Partnerschaft nutzt das umfangreiche Netzwerk von über 95.000 Einzelhandelsstandorten von Green Dot im ganzen Land, wodurch bequeme Bargeldeinzahlungen für die Kunden von Marqeta ermöglicht werden.
Die Zusammenarbeit adressiert die anhaltende Nachfrage nach Bargeldservices, insbesondere bei einkommensschwachen bis moderaten (LMI) und reiferen Verbrauchern ab 55 Jahren, die laut den Daten der Federal Reserve immer noch Bargeldtransaktionen bevorzugen. Durch diese Partnerschaft können Kunden Bargeldeinzahlungsdienste bei großen Einzelhändlern wie Walmart, Walgreens, 7-Eleven und CVS nutzen.
Das Green Dot Netzwerk, unterstützt von Arc, bietet umfassende Abdeckung, wobei 96% der US-Bevölkerung innerhalb von drei Meilen von einem Service-Standort leben. Diese Initiative zielt darauf ab, die digitale Kluft zu überbrücken und gleichzeitig erschwingliche Finanzdienstleistungen anzubieten, die insbesondere in unterversorgten Gemeinschaften von Vorteil sind, in denen traditionelle Banken ihre physische Präsenz reduzieren.
- Extensive retail network coverage reaching 96% of US population
- Strategic partnership with Marqeta expands customer base
- Addresses underserved market segments (LMI and 55+ age groups)
- Fills gap left by traditional bank branch closures
- Heavy dependence on physical retail locations
- Focus on cash transactions in increasingly digital economy
Insights
This partnership between Green Dot and Marqeta represents a strategic move that addresses a critical market gap in the fintech ecosystem. The collaboration leverages Green Dot's extensive physical infrastructure—95,000+ retail locations covering 96% of the US population within three miles—to enhance Marqeta's digital payment platform with essential cash handling capabilities.
The timing is particularly advantageous as traditional banks continue to close physical branches, creating service voids in underbanked communities. Federal Reserve data confirms that cash remains the preferred transaction method for both lower-to-middle income consumers and those over 55, indicating this isn't merely a legacy service but addresses a persistent market need.
For Green Dot, this arrangement potentially increases utilization of their existing retail network infrastructure across major chains like Walmart and Walgreens, creating incremental revenue without significant additional investment. For Marqeta, which provides card issuing and payment processing infrastructure to businesses, the addition of cash handling capabilities fills a functional gap in their otherwise comprehensive digital payment platform.
This collaboration exemplifies the evolution of banking-as-a-service models where specialized providers combine complementary capabilities to create more complete financial ecosystems. The partnership enables both companies to create value through operational specialization rather than competing directly, potentially improving margins and service quality simultaneously.
New Collaboration Enables Convenient and Affordable Cash Deposits at Green Dot’s Network of 95,000+ Locations Nationwide
“We are proud to collaborate with Marqeta to bring our shared vision of delivering seamless and affordable financial services to life for more businesses and consumers across the US,” said Crystal Bryant-Minter, SVP of Money Movement at Green Dot. “This collaboration demonstrates the power and potential of fintechs coming together to deliver better value and experiences to our customers, and we’re excited to continue building on this relationship for years to come.”
The cash economy remains strong, with cash being the preferred method of transacting for LMI and mature (age 55-plus) consumers, according to the Federal Reserve. This relationship addresses the demand for essential cash services while bridging the digital divide among cash-preferred consumers, allowing consumers and businesses to conveniently and affordably deposit cash into digital bank accounts.
“Through our collaboration with Green Dot, we’re expanding access to essential cash services for our customers and their users across the US,” said Rahul Shah, Chief Product Officer at Marqeta. “Collaborating with Green Dot further strengthens our financial services capabilities and reinforces our platform’s ability to deliver comprehensive financial services that provide our customers with the flexible and efficient solutions they demand.”
Marqeta’s platform enables businesses to build financial solutions, enabling them to embed financial services into their branded experience and unlock new ways to grow their business and delight users. Marqeta’s cash load offering is one more addition to its suite of financial services offerings, enabling businesses to offer tailored financial solutions to their customers.
For over 25 years, Green Dot has expanded access to modern banking and payment tools for consumers and businesses. Powered by Arc, the Green Dot Network of more than 95,000 retail locations nationwide offers cash-in and cash-out capabilities in stores including Walmart, Walgreens, 7-Eleven, CVS and more. As traditional banks continue closing brick and mortar locations across the
About Green Dot
Green Dot Corporation (NYSE: GDOT) is a financial technology platform and registered bank holding company that builds banking and payment solutions to create value, retain and reward customers, and accelerate growth for businesses of all sizes. For more than two decades, Green Dot has delivered financial tools and services that address the most pressing financial needs of consumers and businesses, and that transform the way people and businesses manage and move money.
Green Dot delivers a broad spectrum of financial products to consumers and businesses through its portfolio of brands, including: GO2bank, a leading digital and mobile bank account offering simple, secure and useful banking for Americans living paycheck to paycheck; the Green Dot Network (“GDN”) of more than 90,000 retail distribution and cash access locations nationwide; Arc by Green Dot, the single-source embedded finance platform combining all of Green Dot’s secure banking and money processing capabilities to power businesses at all stages of growth; rapid! wage and disbursements solutions, providing pay card and earned wage access services to more than 6,000 businesses and their employees; and Santa Barbara Tax Products Group (“SBTPG”), the company’s tax division, which processes more than 14 million tax refunds annually.
Founded in 1999, Green Dot has managed more than 80 million accounts to date both directly and through its partners. Green Dot Bank is a subsidiary of Green Dot Corporation and member of the FDIC. For more information about Green Dot’s products and services, please visit www.greendot.com.
View source version on businesswire.com: https://www.businesswire.com/news/home/20250228520355/en/
Media Contact:
Alison Lubert
alubert@greendotcorp.com
Source: Green Dot Corporation
FAQ
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