In its framework titled «Regulation No. 01 / 11 - CEMAC / UMAC / CM — On the Use of Electronic Money», the regulator outlines how electronic money can be used to bank
the underbanked populations in the region.
«Payza is supporting
underbanked populations in nearly 200 countries, and the Dash network's low - cost instant transactions are ideal attributes for meeting these customers» needs.
Not exact matches
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.
While there's plenty of startup money going to personal loan companies serving
underbanked populations, only a sprinkling — less than 1 % —
in the last decade has been earmarked for fintech companies providing prepaid cards and other basic bank services, according to a ValuePenguin study of investment dollars
in fintech companies focused on underserved Americans.
This is where new techniques, such as alternative credit scoring and peer - to - peer lending, may help democratize access to credit
in underbanked populations.
Do you think that, while the initial bitcoin
in Africa story was remittance and supporting the
underbanked population, there is a move away from that to a focus on the blockchain for commercial users as it very much is
in the Western world now?
Dash also has a vibrant and active community, especially
in the developing world, which appeals to us as a company [which] also focuses on empowering
underbanked populations.