(Reuters) -Chime raised its full-year revenue forecast above Wall Street estimates on Wednesday, as the fintech company sees a surge in new members and robust demand for its digital banking and financial services
Companies like Chime have led fintechs’ push into traditional banking by offering faster digital services, lower fees and more transparent, easy-to-use products that appeal to younger and underserved customers.
Its banking products include checking and savings accounts, and it earns revenue from a portion of interchange, or “swipe,” fees on card transactions.
Chime now expects full-year revenue in the range of $2.163 billion to $2.173 billion versus its prior forecast of $2.135 billion and $2.155 billion. Analysts on average had expected $2.15 billion, according to estimates co

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