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You presumably live in a developed economy. There's a reason 70% of El Salvadorans don't have bank accounts, and it isn't a context of easy online banking.
by Empact 5y ago
You presumably live in a developed economy. There's a reason 70% of El Salvadorans don't have bank accounts, and it isn't a context of easy online banking.
- el-salvador 5y agoIt's small payments what are are mostly done in cash, like the $0.20 bus fare, $1.25 lunch, $0.50 soda or $0.25 tortillas. There is no widespread electronic alternative for those payments yet here. Free mobile banking accounts have been available for a while in El Salvador, and can be opened with a selfie and a photo of your national ID. They are only avaialble for those 18+ and older though.