Currently, many people in developing countries get their salary paid in cash,
after which they convert it to a prepaid card.
An app that finds out how bankable are the 'un-banked'
Yatir Zaluski had developed a mobile app to help un-banked customers or those with no credit history build a credit score and get funds from the traditional banking and finance system. He realised that his home market, Israel, was too small and that he would be better off targeting larger markets such as the BRICS – Brazil, Russia, India, China and South Africa.read More