Roughly 75% of World’s Poor, 2.5 Billion People, Are Underbanked

What's Next In Payments®
7:41 AM EDT April 20th, 2012

Roughly 75% of the world’s poorest inhabitants — or 2.5 billion people — do not have a bank account, says a new report from the World Bank.

The report, backed by research from Gallup, says the proliferation of mobile phones is helping to reduce this problem worldwide.

Read the full story here.

Comments
Also by This Author
What's Hot
Mobile Commerce
Mobile POS Boosts Perry Ellis Transactions
Alternative Financial Services
Mt. Gox CEO Focused On Coffee During Corporate Collapse
International
Alipay’s Rakuten Tie-Up
News
As Square’s Profitability Shrinks, So Do Its Options
View All Articles ››
You May Also Like
Company Spotlight
Different mPOS Strokes for Different mPOS Folks
International
Digital River Offers A Sneak Peak At Mobile eCommerce Trends
Mobile Commerce
Trustwave Buys Cenzic To Beef Up App Testing Capability
Mobile Commerce
Mobile POS Boosts Perry Ellis Transactions
B2B Payments
B2B Gateway to Simplify Secure B2B Communications
Controversial
Why Israel is the Hot Bed for Payments Start-Ups
Alternative Financial Services
Mt. Gox CEO Focused On Coffee During Corporate Collapse
View All Articles ››