Sentences with phrase «of unbanked population»

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.

«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.

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.

Mobile is contributing to economic and social development across the globe, delivering financial inclusion to unbanked populations with 270 live services in 90 countries as of December 2015 according to GSMA Mobile Economy Report.

Some were due to the large number of unbanked or underbanked populations of countries.

This segment of the sector population commonly referred to as the «unbanked.»

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.

India is home to 21 percent of the world's unbanked population, according to World Bank research.

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.

People might not recognize that this is a huge chunk of the population: in the U.S., 35 to 45 per cent of low - income households are «unbanked» — which means that they possess neither a chequing nor a savings account.

BitX had recently collaborated with the local payments gateway company in order to serve the unbanked and the underserved population of Southeast Asia.

Here's a fact: In the US, close to 60 million households (~ 90 million people) in the US are either under underserved / banked and traditional banks can't serve them profitably — In fact, a 2010 FDIC survey found that while 73 % of banks were aware of the unbanked and under - banked populations in their market, less than 18 % identified expanding services to these consumers as a priority in their business strategy.

In a country where close to 80 percent of the population are unbanked, Mobile Money service, popularly referred to as MoMo transformed the banking industry while promoting financial inclusion using proximity and access in a convenient way.

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.

Our unique solution allows us to serve even more of the global unbanked population, building on the 100,000 downloads already made — without the costs of providing services of either the miners or the traditional banks,» Anton Mozgovoy CTO Humaniq said.

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.

Executives of Coinify and Blockchain expect that the partnership will serve both banked and unbanked populations globally, by allowing bitcoin wallet funding via credit and debit cards as well as bank accounts.

Ekasi Bucks notes that the unbanked population has been disadvantaged and has had problems of controlling their money.

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...

In 2014, two thirds of Africa's Sub-Saharan population was unbanked; similar disquieting statistics represent the Southeast Asian region.

Belfrics views the rollout of its African bitcoin exchanges as an opportunity to tap into the vast unbanked populations of Africa, as well as providing a viable competitor to the traditional banking sector.

This is particularly useful in a country where as much as 75 % of the population remains «unbanked» and fewer than 5 % have credit cards.

A large proportion of India's population remains unbanked and they live on these smaller cash payments on a daily basis.

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

Massive currency devaluation isn't the only systemic characteristic of many African economies, and a large percentage of their population is either underbanked or unbanked.