Tapping The Unbanked Market - X Nations
      
      
Go Back   X Nations > X Nations > General Webmaster Business and Discussions

 
 
Thread Tools Display Modes
Prev Previous Post   Next Post Next
Old 10-29-2011, 09:13 AM   #1
TrustCash
TrustCash should edit this
Citizen X
 
Join Date: Jul 2011
Location: Los Angeles, CA
Posts: 32
xBucks: 3,435
Default Tapping The Unbanked Market

Here's an article that's slowly becoming relevant in today's market. It's about servicing a part of society who have no bank accounts or have no access to credit. If banks are going to those unbanked and underbanked, should online businesses and even porn, be far behind?



By Martha C. White | June 6, 2011 |

"During the recession, the number of people categorized as unbanked — without a checking or savings account — or underbanked — without access to credit — increased. In a new study, consulting firm KPMG suggests that banks can make money from this group, not by bringing them back into the financial mainstream, but by offering them “alternative” products like prepaid debit cards and money orders.

Banks aren’t the only ones seeing a potential market in the unbanked. Some big-box retailers have begun offering bank-like services, letting customers cash a check or pay a utility bill."

Read more here: http://moneyland.time.com/2011/06/06...unbanked-next/
__________________
TrustCash is offline   Reply With Quote
 


Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is On
Forum Jump

Powered by vBulletin® Version 3.7.3
Copyright ©2000 - 2024, Jelsoft Enterprises Ltd.
vBCredits v1.4 Copyright ©2007 - 2008, PixelFX Studios
2013 - xnations.com
All times are GMT -4. The time now is 07:12 PM.
Skin by vBCore.com