The American Fintech Council (AFC) has announced the inclusion of MAJORITY as its latest member. Established in 2019, MAJORITY is a digital financial services company focused on serving the foreign-born population in the United States. This move aligns with AFC's mission to support responsible innovation and foster an inclusive financial system.

Phil Goldfeder, CEO of AFC, remarked, "MAJORITY is the country’s leading provider of digital financial services to expatriate and immigrant communities, providing valuable resources to help these consumers access critical resources for financial security and stability." He emphasized that this collaboration ensures equitable access to financial resources for everyone in the U.S., aligning with AFC's goals.

MAJORITY provides a platform offering various services including a Majority account and Visa® debit card, local community store discounts, international calling at low costs, and money transfers with competitive exchange rates without hidden fees. Magnus Larsson, CEO and Co-Founder of MAJORITY, stated, “Since its founding, MAJORITY has focused on increasing access and lowering costs within the financial services industry to better serve foreign-born communities in America.”

The AFC represents major fintech companies and innovative banks that provide embedded finance solutions. Its mission is to create a transparent and customer-centric financial system by supporting responsible innovation. The organization aims to enhance competition in consumer finance while serving underserved consumer segments effectively.

Founded by experts from banking, fintech, payments, and telecom sectors who have been catering to expatriate communities globally for over 15 years, MAJORITY offers a $5.99 per month membership that includes an FDIC-insured account through Axiom Bank, N.A., among other benefits. The Visa® debit card is issued under a license from Visa U.S.A. Inc.