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Might be of interest in countries where people are right now using for example different mobile wallet solutions to make payments. So countries were credit card
by jpalomaki 7y ago
Might be of interest in countries where people are right now using for example different mobile wallet solutions to make payments. So countries were credit cards are not common and people do not hold regular bank accounts.
Related to that above, maybe then also cross-border payments. For example migrant workers sending money back home.
Quick Googling shows a report from 2017 which says in summary "About 1.7 billion adults remain unbanked—without an account at a financial institution or through a mobile money provider. "
https://globalfindex.worldbank.org/ https://globalfindex.worldbank.org/
- deleted 7y ago[deleted]
- jshaqaw 7y agoThis could introduce some more competition into cross border payments like remittances although by the time the regulatory overseers get comfortable that it won’t be used for money laundering/terrorist finance/etc... you will end up basically replicating the frictions and barriers of the existing payment system.