unbanked
1
7.0
- adjective
- /ʌnˈbæŋkt/
- Literature
:
sin acceso a servicios bancarios
- Many families remain unbanked, relying on cash for their day-to-day transactions.
Examples
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The future is in the ways in which mobile technology will help bank the unbanked; how students and teachers in the most remote, economically isolated rural areas will leverage tablet computers, cloud-based programs, and interconnectivity to take teaching and learning to new heights; and in how our devices and cable boxes will be used to save a trip to the doctor for grandma, and drive more up-to-date data to doctors from those suffering from chronic diseases like diabetes, heart disease, and high blood pressure.
Blog text (6) -
Movilway, mobile transactions for the unbanked
Blog text (12) -
So you can lower the fees and, and obviously bank the unbanked, Chase said.
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This financial services innovation emerged in Africa because of the number of unbanked people who needed access to formal financial services.
Blog text (26) -
As part of the MasterCard Bill Payment team, I started to reflect on unbanked and underbanked consumers around the world.
Blog text (29) -
Movilway offers several mobile-related products targeted at the unbanked in Latin America.
Blog text (12) -
So we appeal to millennials who save, whereas all of the existing new banks are focused on people who are unbanked or are living paycheck to paycheck.
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WESTERN UNION SERVES TYPICALLY AN UNBANKED CUSTOMER, A CUSTOMER WHO IS EITHER A MIGRANT WORKER, OR AN INDIVIDUAL WHO DOESN'T FEEL COMFORTABLE IN THE FINANCIAL SERVICES SECTOR.
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Providing financial education can help the unbanked access essential banking services.
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Social programs aim to assist the unbanked by offering them low-cost banking solutions.
How Banked
- Jargon
- Literature
1
7.0
Surface Forms
Morphology
unbanked = banked (transparent) = un + bank + ed
The prefix 'un-' clearly negates the meaning of 'banked', making it transparent.
Etymology
Unbanked is made from un- ('not') and bank ('a place for money'), so it literally says someone is 'not with a bank'. That's why unbanked describes people who do not use or cannot access bank accounts or other formal banking services.