Sentences with phrase «unbanked populations with»

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.

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.

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

«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.

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.

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

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

The company also held a competition for blockchain projects with the aim of helping the unbanked population.

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.

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.

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.

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...