It was revealed at the end of last year that over 60 million American citizens still existed outside of the US banking system.Those who fall into this category either have no bank account or they have a bank account but regularly use pawn shop loans, payday loans, and other high-interest facilities. The latter is referred to as “underbanked.”The post 60 Million Americans Are Still Unbanked – Is Mobile Banking the Way Forward? appeared first on Cointelligence.
