Sentences with phrase «large unbanked population»

Mauritius is luring blockchain innovators with its friendly regulatory environment and connections to countries with large unbanked populations.

The report notes that the largest opportunities are in regions with a large unbanked population that is young and likely to embrace mobile banking.

This follows a challenge issued by the Vice President last year to the Bank of Ghana, the Ghana Interbank Payment and Settlement Systems (GhIPSS), the telcos and financial institutions to ensure that mobile money platforms were interoperable to make banking services more accessible to the large unbanked population, estimated to be about 70 %.

The system is expected to largely eliminate the difficulties associated with traditional banking services, and make banking services more accessible to the large unbanked population, estimated to be about 70 %.

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.