The fintech
industry has emerged because of developments in the financial and technology
sectors, following which innovative services have been introduced. For
instance, now mobile
operators can offer a wider range of facilities. Their technical and
commercial capabilities have expanded and they can process online settlements. This means that you do not need a bank account
or a credit card to buy something on the Web. Just a mobile account is required
which is a huge advantage for unbanked
and underbanked customers.
A
bank account is not needed to pay online
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