Unbanked

Individuals - financial exclusion.

An unbanked individual is someone who does not have a bank account, and may be excluded from the mainstream financial system more generally.

Unbanked employees

"Currently the majority of payments through mobile payment services are C2C type payments, but solutions are being developed particularly for corporates to make salary and other low value payments.

Other developments include both closed and open loop cards which, for example, can be used to pay wages to unbanked employees."

Cash management in Africa - the Treasurer's Wiki.

See also

• Bank
• Bank account
• Basic bank account
• C2C
• Cash management in Africa
• Challenger bank
• Commercial bank
• Credit creation
• Employee
• Financial exclusion
• Mainstream
• Non-bank financial intermediaries (NBFIs)
• Under-banked