An unbanked person is one who does not hold an account at a formal financial institution. As a result, such a person cannot access basic global financial services such as a savings account, credit, money transfers, and much more. To access these services they use informal means.
Who are those that live unbanked?
FairPlanet researched further. The unbanked are mainly those in households with unstable or low incomes, those in less-educated households, younger households, more female than male and disabled households of working age.
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