TSX futures subdued with key U.S. inflation data ahead
NEW YORK - Green Dot Corporation (NYSE:GDOT), which has seen its stock surge over 80% in the past six months and currently trades near its 52-week high of $14.48, announced Monday it has added Stripe as its newest Green Dot Network partner, enabling Stripe Treasury users to deposit cash at more than 90,000 retail locations nationwide. According to InvestingPro analysis, the company appears undervalued despite its recent strong performance.
The partnership, powered by Green Dot’s embedded finance platform Arc, will allow businesses using Stripe’s financial infrastructure to offer their customers the ability to add cash to their accounts at participating retailers including Walmart, Walgreens, and CVS.
According to the press release, the cash economy remains significant in the United States, with 83% of adults using cash at least once in the past 30 days and over 90% intending to continue using cash as a payment method. The collaboration aims to address this demand, particularly among low-to-moderate income households and older adults.
"We’re thrilled to partner with Stripe to embed more flexible, accessible financial services into its already expansive capabilities for today’s business owners," said Renata Caine, general manager and senior vice president of embedded finance at Green Dot.
The Green Dot Network provides cash services within three miles of 96% of the U.S. population, according to the company statement, offering an alternative as traditional banks continue to close physical locations.
Stripe, which processes more than $1.4 trillion in payments in 2024, will integrate Green Dot’s platform to enhance its Treasury offering for businesses that serve customers who prefer or need cash payment options.
The partnership includes plans for additional enhancements and capabilities in the future, though specific details were not disclosed in the announcement.
In other recent news, Green Dot Corporation reported its second-quarter earnings for 2025, surpassing analyst expectations. The company achieved an earnings per share of $0.40, which exceeded the forecasted $0.30 by 33.33%. Revenue also outperformed projections, reaching $501.16 million against the expected $460.86 million, marking an 8.74% increase. Additionally, Green Dot announced plans to exit its operations in China by the end of 2025, impacting up to 240 employees, or 22% of its global workforce. This move is anticipated to reduce annual spending by $6 million to $7 million, although it will incur up to $24 million in related costs. As part of the exit strategy, certain facilities in China are expected to close. These developments reflect Green Dot’s ongoing efforts to streamline operations and focus on core business areas.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.