Green Dot Corporation, a leading financial technology and bank holding company, has partnered with Stripe to integrate its Arc embedded finance platform into Stripe Treasury. This collaboration enables seamless cash deposits at over 90,000 Green Dot Network locations, enhancing accessibility for businesses and consumers.
Green Dot partners with Stripe to enhance cash deposit capabilities.
Stripe Treasury users can add cash at 90,000+ Green Dot locations.
Arc platform powers seamless, inclusive financial services.
Addresses cash reliance among LMI households and older adults.
83% of U.S. adults used cash in the past 30 days.
Partnership bridges digital divide with accessible banking solutions.
The partnership integrates Green Dot’s Arc platform with Stripe Treasury, allowing users to deposit cash at over 90,000 retail locations, including Walmart, Walgreens, and CVS. This enhances Stripe’s ability to serve businesses by providing flexible, accessible financial solutions. “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 cash economy remains vital, particularly for low-to-moderate income (LMI) households and older adults, with 22% of payments by those over 55 and 28% by households earning under USD 25,000 made in cash. With 83% of U.S. adults using cash in the past 30 days and 90% intending to continue, this partnership addresses the demand for accessible cash services, enabling businesses to serve diverse customer bases efficiently.
As traditional banks close physical branches, particularly in underbanked communities, Green Dot’s Network ensures 96% of U.S. consumers live within three miles of a cash access point. The Arc platform’s money movement capabilities allow seamless digital transfers between bank accounts, bridging the gap between physical and digital banking. This collaboration empowers Stripe to offer affordable, inclusive financial tools to businesses of all sizes.
By leveraging Green Dot’s 25 years of expertise in banking and payment solutions, the partnership enhances Stripe’s infrastructure, which processed over USD 1.4 trillion in 2024. The integration supports businesses in providing seamless money movement solutions, fostering customer loyalty and growth while addressing the needs of underbanked populations.
Arc is the embedded finance platform of services featuring all of Green Dot’s secure banking and money processing capabilities designed to fuel value, loyalty and growth for consumers and businesses. Arc by Green Dot powers some of the world’s most trusted brands and thousands of other businesses with seamless, secure and useful financial tools and experiences.
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.
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