Up until this point, though, most of BitPesa's efforts have been focused on Kenya, one of
the most underbanked countries in the world.
For
most underbanked users, the last resort would be to turn to loan sharks and their extremely predatory interest rates.
Up until this point, though, most of BitPesa's efforts have been focused on Kenya, one of
the most underbanked countries in the world.
Not exact matches
Growing up in Mississippi, the state with the highest population of unbanked and
underbanked residents, Allen saw the perfect opportunity to solve a problem that impacts over 2.5 billion people worldwide from a perspective that
most wouldn't understand.
Its
most promising overseas markets will be low - trust,
underbanked emerging economies — the markets in Africa, Latin America and Asia where other Chinese pioneers leaving the home market, such as Huawei, a telecoms giant, cut their teeth.
According to the
most recent FDIC National Survey of Unbanked and
Underbanked Households, 7 percent of Americans are unbanked, and almost 28 percent of those households cited bank fees as the reason.
Latinos or those with hispanic origins have trouble landing a mortgage loan in the US because, first,
most of them are unbanked or
underbanked.