Sentences with phrase «considered unbanked»

According to the company, Indians opened more than 200 million new bank accounts in the past several years, although there is still a large percentage of citizens who are considered unbanked.

Not exact matches

Section 7 further instructs the FDIC to consider several factors when conducting the surveys, including estimating the size and worth of the unbanked market in the United States and identifying the primary issues that prevent unbanked individuals from establishing conventional accounts.

As the founder wants to find a way to scale bitcoin to the masses and facilitate adoption throughout India, many believe that this isn't an achievable goal, considering the fact that over 50 % of India's population is currently unbanked.

About one in 10 U.S. households use a prepaid debit card, with half of those households considered to be either unbanked or underbanked — the latter being defined as having one account at a financial institution but also using alternative financial products.

Before even considering the benefits to the banked billions, it's worth considering the 2bn or so unbanked, mostly living in Africa and Asia.