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Digital tech is turning the unbanked into the banked

• salawat 4y ago
  ...And generally optimized for punitive wealth extraction from those in the worst position to be extracted from via high fee per transaction or overdraft fees targeted at those whose income streams are less regular/stable. Worked in the sector for a while until I realized what was really up. Lots of effort put into making the employees believe we were "helping the disadvantaged" when in reality, money was being made hand over fist by specifically targeting the most troubled or statistically likely to overdraft populations as a profit taking mechanism.