The word "underbanked" refers to individuals or households that have limited access to banking services, such as opening a bank account, obtaining credit, or using other financial tools typically provided by banks. Full definition
Encourage payment companies to use the Bitcoin protocol to offer low - fee solutions for underbanked populations (gettoknowbitcoin.com)
In general, prepaid debit card accounts are intended for underbanked individuals, who do not have access to a traditional bank account. (valuepenguin.com)
This is where new techniques, such as alternative credit scoring and peer - to - peer lending, may help democratize access to credit in underbanked populations. (badcredit.org)