Sentences with phrase «unbanked populations in»

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.

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.

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.

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

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.

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.

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 strategIn 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 strategin 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 strategIn 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 strategin their market, less than 18 % identified expanding services to these consumers as a priority in their business strategin 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 waIn 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 wain a convenient way.

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.

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.

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.