Under-banked

Financial exclusion.

An under-banked individual or business is one that does not have adequate access to mainstream financial services.

Unbanked employees

"Countries have different motives for exploring and issuing CBDCs, but in the case of The Bahamas, the need to serve unbanked and under-banked populations across more than 30 of its inhabited islands was a primary driving force."

International Monetary Fund - The Ascent of CBDCs - September 2022.

See also

• Bank
• Bank account
• Basic bank account
• Cash management in Africa
• Central bank digital currency (CBDC)
• Challenger bank
• Commercial bank
• Credit creation
• Employee
• Financial exclusion
• International Monetary Fund
• Mainstream
• Sand Dollar
• Shadow banking
• Unbanked

External link

• - International Monetary Fund - The Ascent of CBDCs - September 2022