Mobile wallets: a solution for unbanked customers

The implementation of mobile wallets is a boon for those who like shop online. It gives consumers the opportunity to process microtransactions easily and safely. You can buy low-priced multimedia contents without your credit or debit cards. Transactions are completed through telecommunication companies.  When you purchase an item, its price is added to your phone bill at the end of the month. More than 1.7 billion adults do not have access to a traditional bank account. This equals to 21% of the world’s population. As such, unbanked customers can benefit from mobile wallets.

Unbanked customers can use mobile wallets to pay online