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3232CHECQIT, the P2P Lending Platform Aiming to Empower the Unbanked
https://www.digit.info/checqit-the-p2p-lending-platform-aiming-to-empower-the-unbanked/
Wed, 31 Jan 2018 04:05:47 +0000https://www.digit.info/2018/01/31/checqit-the-p2p-lending-platform-aiming-to-empower-the-unbanked/Read more]]>According to the World Bank’s Global Findex report, nearly 2 billion adults and 160 million small businesses from all over the world do not have bank accounts. Efforts to approach them to traditional financial institutions have not been enough, limiting their economic growth potential. Only 14% of adults living in the Middle East hold a bank account, opposed to the 94% of citizens from first world western countries that do. Developing regions with underserved communities such as India and sub-Saharan Africa comprise, when combined, nearly 32% of the world’s unbanked and underbanked population. These statistics portray an irrefutable reality: a
According to the World Bank’s Global Findex report, nearly 2 billion adults and 160 million small businesses from all over the world do not have bank accounts. Efforts to approach them to traditional financial institutions have not been enough, limiting their economic growth potential. Only 14% of adults living in the Middle East hold a bank account, opposed to the 94% of citizens from first world western countries that do. Developing regions with underserved communities such as India and sub-Saharan Africa comprise, when combined, nearly 32% of the world’s unbanked and underbanked population. These statistics portray an irrefutable reality: a