Under-banked

Financial exclusion.

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

Bahamian Sand Dollar to serve under-banked populations

"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
• Non-bank financial intermediaries (NBFIs)
• Sand Dollar
• Shadow banking
• Unbanked

External link

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