Sentences with phrase «served unbanked»

It was one of the groups behind creating the prepaid debit card, which served unbanked consumers.

This focus on serving unbanked communities may also shed light on a deal announced today between PayPal and M - Pesa, a mobile money service based in Kenya.

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

Bluebird from American Express was launched as a way to serve the unbanked community.

As examples let's take a few Ethereum based Blockchain projects that have made serving the unbanked and underbanked their main focus.

Not exact matches

There are machine learning applications like RecargaPay, the mobile wallet focused on financial services for the unbanked, that enable the consumer's ability to self - serve thanks to digital capabilities.

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 addition to serving as a tool for an estimated 60 million unbanked Americans [11], prepaid cards have other advantages.

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.

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.

Similar to cloud computing, which has enabled millions of startups around the world to leverage billion - dollar infrastructure for a fraction of the cost, the infrastructure BitFury is deploying allows entrepreneurs to tap into world - class banking infrastructure for a fraction of the cost — unlocking the creativity of entrepreneurs to build financial service applications that can serve the specific needs of the unbanked at a much lower cost than traditional banks.

It has a traditional focus of serving small businesses and the unbanked.