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Exact(37)
Part of the disadvantaged and low-income segments of global population is left without (i.e. financially excluded) or very limited access (i.e. financially underserved) to basic financial services, creating a highly critical equality deficit in different parts of the world.
Microfinance institutions aim to reach the two billion people who lack access to basic financial services.
About half of the world's population is "unbanked", without access to the basic financial services you need.
For example, many pot businesses struggle to obtain basic financial services because banks fear violating federal money-laundering rules.
This means that they do not have access to basic financial services, such as savings, bank accounts, or credit.
There is nothing wrong, for example, with trying to extend basic financial services (bank accounts and micro-financing solutions) to all people including the poorest.
Similar(23)
So when, for example, someone wanted to get a loan, a savings account, or some other basic financial service, "Originally you'd have to literally walk into the bank to do it," Damalie said.
"M-Pesa was able to strike a nerve and do really well because they managed to bring a very basic financial service to a large portion of the population – they effectively gave people a bank account through very simple mobile phone technology" Loew said.
Southeast Asian ride-hailing platform Grab bought Kudo earlier this year as a way to get its customers access to basic digital financial services, and Ola built out a standalone app for the same reason.
What if the unbanked and underbanked used the same basic bank financial services that most Americans take for granted and pay little to nothing for?
And if ideas my agency outlined in a recent report come to fruition, those post offices could offer residents basic, affordable financial services, including prepaid cards, check cashing, bill payments and perhaps even small advances.
More suggestions(17)
main financial services
real financial services
rudimentary financial services
capital financial services
core financial services
infrastructure financial services
baseline financial services
basic financial models
basic financial details
basic financial concepts
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basic financial data
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basic consular services
basic financial goals
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