Sentences with phrase «unbanked populations»

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

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.

But more and more cryptocurrencies are being legitimately regarded by financial institutes and governments as ways to disrupt banking and bring banking services to previously unbanked populations.

Cryptocurrency ATMs are a perfect response to this issue with a potentially large user base in the internet accessible and unbanked populations in developing countries.

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.

Their borderless nature is a double - edged sword: it enables criminality just as well as it gives unbanked populations access to cheap and efficient financial services.

What do you think will be the benefits brought by an app like GOLD to the unbanked populations in underdeveloped countries?

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.

Mobile banking is also an effective tool to reach unbanked populations — particularly in emerging markets — who may not have access to brick - and - mortar branches.

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.

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

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

But like many emerging markets, the country has an inadequate banking system and a large unbanked population.

«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.

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

While China still is the dominant force behind the success that bitcoin has had in Asia, India's influence may just help the digital currency hit new heights, especially if adopted by the country's, highly unbanked population.

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 %.

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.

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.

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

Indonesia's unbanked population and climbing mobile penetration rates should make it a bitcoin haven, but regulatory pressures may affect this outcome.

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.

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.

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.

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

But the country's large population is still mostly unbanked and relies heavily on money from abroad.

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.

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.

Amongst the general population, the unbanked are the most financially vulnerable.

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.

The «unbanked» population isn't just limited to immigrants or folks with low incomes.

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.

Humaniq is a simple and secure mobile app, delivering financial inclusion solutions to the 2.5 billion unbanked and 1 billion underbanked population.

While the unbanked is a long way off from having easy, cost - effective access to financial services, the blockchain is promising to empower these population segments with greater financial services access and engagement by picking up where more traditional fintech has left off.

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.

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.

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.