One third of the world’s population is not banked
The number of banked individuals in developing countries is increasingly moving away from the same population in the industrialized ones, where most citizens have a bank account, access to it through Internet, a smartphone or tablet
Technological advances in the banking sector have created a gap that continues to grow with respect to developing countries. This translates into an exclusion of one third of the world’s population from the financial world.
One could think that currently in every corner of the world people have a smartphone that allows them to connect to their bank, make transactions, obtain account statements or pay for services.
However, in regions of America, Africa and Asia thousands of people from remote areas, the poor and women do not even have a smartphone, Internet connection, banking agencies in their cities.
The restrictions of the banking sector towards individuals are accentuated due to the marked preferences towards large corporations. This practice leaves aside the right of citizens to have a bank account, receive remittances from another country for their subsistence, establish their own venture, have a credit or debit card, among others.
The technological advance that favors the banking sector seems positive. However, even in countries like the United States there is a disparity between different segments of the population in access to the banking sector and digitalization.
With a few exceptions, such as India, where 80% of the population has a bank account, in the rest of the world even the growing supply of smartphones has not reduced or stopped the financial segregation of individuals.
M.Pino
Source: Bitcoin.com
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