“Access to traditional financial services, such as deposit-taking accounts and automatic teller machines (ATMs), in developing countries has expanded in recent years. Since 2004 the number of ATMs per 100,000 adults has more than doubled, to around 22 (compared with over 70 in rich countries). Russia and Brazil have more ATMs relative to their population than other emerging markets, but according to a World Bank survey less than 2% of adults there used a mobile phone to receive money. Mobile payments are a substitute for traditional banking. In Kenya, where there are 2,381 ATMs (less than ten for every 100,000 adults), over two-thirds of people use mobile money.”
Related posts:
Most Consumer Complaints Come From Boca Raton, Upper West Side
Alberta woman willing to trade $1-million property for Bitcoins
Soros Ex-Wife Lists Apartment for $50 Million
SpaceX to launch radar satellite network for Germany
Italy’s Berlusconi vows to refund money from unpopular tax
Trump Blasts China, EU For 'Currency Manipulation'
Argentina’s Mad Dash for U.S. Dollars
Trump executive order keeps Guantanamo Bay military prison open
Lawyers say case against Kim Dotcom threatens Internet freedom
Marijuana stops child's severe seizures
Michael Hastings Crash Investigation Heats Up; Police and Fire Told Not To Comment
The Pot Industry’s Most Politically Important Dispensary
Officer Convicted In Shooting Death Becomes Police Chief
Feinstein Gun Control Bill to Exempt Government Officials
Why We Can't Have Nice Things: Uber And Lyft Drivers Being Arrested