The World Bank estimates there are 1,7 billion people globally with no form of a bank account. However, two-thirds of this population has access to a mobile phone.
These findings are the driving force behind SendSpend, a London-based fintech, which has launched a global payment system based on cloud and mobile technology, enabling the unbanked to pay online and remit money instantly to each other using only a smartphone.
The platform, which has already launched in South Africa, is entirely digital, free for consumers, and you can use SendSpend within minutes of registering via a downloaded App.
Full Press Release: https://pressat.co.uk/releases/sendspends-payment-system-for-the-un-banked-poised-to-become-frontrunner-in-race-with-payment-giants-abd724e31a99b2d307835880edb3be62/