You might be thinking: why are alternative payment services
becoming so popular. Well, technologies such as direct operator billing are more
inclusive. In contrast, banking solutions tend to exclude people in low-
and middle-class households. How so? Because of the numerous additional charges
involved that discourage those who are in an already difficult financial
situation to further burden themselves. There are overdraft, debit
card, ATM withdrawal and transfer fees, among others involved. Representing
a barrier to entry in the market, these are hard to avoid.
Photo credit: pasja1000 from Pixabay
Banking
services have a lot of fees
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