The unbanked sector
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The unbanked sector some economic issues by Ngina Chiteji

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Published by Congressional Research Service, Library of Congress in [Washington, D.C.] .
Written in English


  • Financial institutions -- United States,
  • Check cashing services -- United States

Book details:

Edition Notes

StatementNgina Chiteji
SeriesMajor studies and issue briefs of the Congressional Research Service -- 1991, reel 11, fr. 0056
ContributionsLibrary of Congress. Congressional Research Service
The Physical Object
Pagination16 p.
Number of Pages16
ID Numbers
Open LibraryOL15459000M

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The conceptual framework for this book is based on the existing literature on the service sector (Francois and Hoekman ; Hoekman and Mattoo ). Recognizing the heterogeneity in both, economic structure of developing countries and their service exports, this book takes an eclectic approach to identifying successful strategies. The case describes in detail the workings of two mobile banking operators in Africa-WIZZIT in South Africa and M-PESA in Kenya. It explores the dimensions of strategy that make for success in the market for the unbanked. It raises questions regarding the portability of the model to .   The authors look at the depth of the financial sector in Bogotá in terms of the "financial exclusion" of those, particularly poorer citizens, who operate without accounts in formal financial institutions-the unbanked.   The unbanked and underbanked are often literally dressed in overalls and reaching them can be hard work, but for banks willing to put in the effort, the payoff will be worth it. Alan McIntyre.

Most of the unbanked in both urban and rural areas already have access to low-cost traditional and digital banking services. In fact, the rise of digital banking and a strengthening economy are largely responsible for explaining why the percentage of Americans who are unbanked has fallen from % to % over the past decade. As the FDIC. by internationalbanker Octo Octo By Paul Randall, Executive Director, Creditinfo. You could be excused for thinking that financial inclusion is a given. In reality, however, this is far from the truth. As illustrated by a recent report by the World Bank, billion adults across the world are ‘unbanked’, meaning they do not possess a bank account or have access to formal finance.   According to a report by the Federal Reserve, 22% of American adults (63 million) are either unbanked or underbanked. The 6% of Americans who are unbanked have no bank account whatsoever and. The unbanked represent a big potential customer base for crypto: Roughly billion adults around the world don’t have an account at a financial institution or through a mobile money provider.

The unbanked in the United States. The unbanked are described by the Federal Deposit Insurance Corporation (FDIC) as those adults without an account at a bank or other financial institution and are considered to be outside the mainstream for one reason or another. The Federal Reserve estimated there are 55 million unbanked or underbanked adult Americans in , which account for 22 percent of. The Little Data Book on Financial Inclusion iii to about million unbanked adults worldwide; switching to electronic But the private sector, governments, and development organizations all need to sharpen their focus on the use of accounts, which has stagnated for saving and borrowing. Without people actively using their. Table 1 summarizes estimates of the size of the unbanked sector by various authors. It can be seen that minority and low-income communities tend to have higher proportions of unbanked. The percentage of Hispanics who are unbanked range from % to 58%. The Unbanking of America: How the New Middle Class Survives. by. Lisa Servon. Rating details ratings reviews. An urgent, absorbing exposé—why Americans are fleeing our broken banking system in growing numbers, and how alternatives are rushing in to do what banks once did.4/5().