Sentences with phrase «for unbanked populations»

SuperPay to Support the Purchase and Sale of Bitcoin, Ethereum and Other Cryptocurrencies for Unbanked Populations.

The research found that new digital innovations in banking could bring significant cost reductions for global banks, alongside increased customer satisfaction and financial inclusion for unbanked populations in emerging markets.

The Federal Reserve report also revealed a huge opportunity for the unbanked population.

Not exact matches

«The vast majority of the population is unbanked and trapped in cash,» says Kathleen McGowan, senior policy advisor with the Washington - based U.S. Agency for International Development.

«We see Southeast Asia as a region with huge growth potential for WeLab due to its high percentage of unbanked population (73 % out of 600 million) which makes it impossible to borrow and its high mobile penetration rate (133 %),» said Loong.

Unemployment had been with us for years and when in 2009 telecommunication giant, MTN introduced Mobile Money services it was welcomed and hailed by many and the reason was obvious; it was an opportunity to take advantage of rising unemployment situation, growing number of the unbanked population and massive progress in ICT or telecommunications.

And for the 56 percent of the population that is unbanked, Flint lets users deposit or withdrawal cash from their app's account at local shops and restaurants.

The company also held a competition for blockchain projects with the aim of helping the unbanked population.

Gamaroff adds that the smart meters are ideal for reaching the unbanked population.

In countries with a large unbanked population or where currency values gyrate wildly, bitcoin can be a stabler form of payment and make commerce easier, especially for the poor.

And so The Year of Bitcoin extends globally as Thailand's always - bustling tourism industry, its attempt to grapple with financial technology (fintech) through regulations, and an unbanked population looking for a better life make the country fertile ground for crypto.

With an estimated population of hundreds of millions of unbanked and underbanked people, Africa is a prime location for game changing financial technologies like bitcoin to...