unbanked


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unbanked

People who do not have bank accounts. Also called the "underbanked," such individuals rely on non-bank check cashing, payday lending, money order, and money transfer services for their financial transactions.
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References in periodicals archive ?
Today, we are very happy to share our technology knowhow with Telenor Microfinance Bank to bring improved user experience on the Easypaisa mobile payment platform, as well as provide inclusive financial services in a transparent, safe, low cost and efficient way to the unbanked and underbanked population in Pakistan,' said Eric Jing, CEO of Ant Financial.
While the unbanked migrant workers in the UAE have always had the option of visiting physical branches for money transfer and payment requirements, with the rise mobile application, they will be able to send money at their own convenience any time, said Promoth Manghat, CEO, UAE Exchange Group.
Promoth Manghat, CEO, UAE Exchange Group, said, "We are constantly working on innovation and innovative collaborations to empower and enable the unbanked population around the world.
Barclays' Easygo card is to target about 16 million unbanked Ugandans.
With this platform, DIB Pakistan will offer an array of products mainly to the unbanked population and in line with SBP's strategy for Financial Inclusion.
This partnership with JazzCash aims at enhancing access to financial services to un-banked population of the country along with safe and convenient transfer of funds from banked to unbanked consumers.
By turning mobile phones into a 'digital bank,' unbanked and underserved Filipinos could now open a savings account, apply for a loan, find affordable insurance, and make an investment without having to visit a bank branch.
through its operating subsidiaries, uses proprietary technology and licensed technology to provide mobile banking, mobility and telecommunications solutions to underserved, unbanked and emerging markets.
Few researchers have connected the specific issues affecting unbanked consumers in the United States to the services DLT could provide.
Summary: Banker Africa spoke with Sanjeev Anand, Managing Director, BPR and Eric Rutabana, Country Head of Corporate and Investment Banking BPR about their outlook for the Rwandan economy, and the challenges on on-boarding the unbanked
households were unbanked -- meaning nine million households had no one with a checking or savings account.
7 percent in 2013, according to preliminary results of an FDIC survey, the "2015 FDIC National Survey of Unbanked and Underbanked Households.