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Tag: unbanked
Vodafone to expand M-Pesa throughout Africa to unlock the continents unbanked market
2019-12-18 01:00:00| Total Telecom industry news
Vodafone today announced plans to grow M-Pesa, its to peer-to-peer mobile money service for those without a bank account, into a pan-African financial platform. M-Pesa, which is already Africa’s largest payments service, has been steadily growing in the continent since its inception in 2007…read more on TotalTele.com »
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Financial identities for the worlds unbanked population worth an estimated $250 billion to global GDP
2019-12-12 01:00:00| Total Telecom industry news
According to World Bank data, 67% of the world’s adult population are excluded from the formal economy because of their lack of credit history. However, a large proportion of this population have existing relationships with mobile operators, who frequently extend low cost, low risk offers to these customers, often in the form of airtime loans…read more on TotalTele.com »
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Unbanked 'pay 500 extra a year' for bills and services
2019-04-22 01:00:16| BBC News | Business | UK Edition
People without a bank account pay more for energy, loans and mobile phone deals, research suggests.
India's "unbanked" resist push for them to get accounts
2016-07-05 05:24:52| BBC News | Business | UK Edition
The Indian government is trying to get more people to hold basic bank accounts but their plan appears to be stumbling.
Two billion adults 'still unbanked'
2015-04-15 22:00:05| BBC News | Business | UK Edition
Two billion adults have no access to banking, a World Bank report says, despite an 11% increase in the last three years.