Sunday, June 28, 2015

Everybody Deserves Access to Mobile Banking

Mobile banking might be an integral part of your day to day life, but there are a lot of people in the US that the Miami based Waleteros would classify as ‘underbanked’. These are people who don’t use or have a bank account and could benefit from using their smartphone as a banking solution.

According to Waleteros, Hispanics represent a disproportionate percentage of this group of underbanked US citizens. Traditionally, in order to meet their financial needs underbanked individuals will go to check cashing stores where they have to pay hefty fees to manage their finances.

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