• Will FinTech Fix The Unbanked?

    20 days ago - By Business 2 Community

    Progress towards reducing the unbanked population worldwide is encouraging: between 2011 and 2014, the number of adults worldwide with a minimum of a basic transactional bank account rose from 51% to 62%, and in the developing world it rose from 41% to 54%. Unfortunately, the global gender gap in finance is still 7%, and in the developing world persists at 9%.
    In developing economies, 55% of women are unbanked, compared to 46% of men. Much larger disparities exist in some regions, particularly amongst the poorest segments of the population. For those living on less than $2 a day, women are...
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