Finance: the problem with traditional banks

 

The world of finance can be quite exclusive for some customers. Indeed, some firms have requirements that prevent some users to pay online. For instance, the traditional banking system does not cater to the needs of immigrants and young workers, which is a problem since this segment of the population is considered to be the backbone of the economy as they are essential employees. For example, they are key links in the supply chain or gig workers. Yet, they are still invisible to banks. Keep reading to learn how fintech firms can help them pay online.

Photo credit JaniSnellman from Pixabay


Banks do not see small workers


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