underbanked

(redirected from Under-Banked)
Also found in: Financial.

un·der·banked

 (ŭn′dər-băngkt′)
adj.
Having access to financial services, as in a bank account or credit card, but using them rarely or irregularly.
pl.n. (used with a pl. verb)
People who are underbanked. Used with the.
References in periodicals archive ?
First, it is promising from the demographic perspective a rising digital consumers and a highly under-banked population.
We have moved from digital inclusion to financial inclusion and we are going to the unbanked and under-banked to fulfil our mission.
Through our significant partnerships, with Careem-Egypt, we have been successfully able to expand our banking penetration to the under-banked citizens, granting them access to various banking services by using their mobile phones, especially in a society whose majority carry mobile phones and cash intensive," said Mohamed Farag, CIB Chief Digital Officer and Head of Global Transaction Services.
The agreement allows ADF to promote Personify Financial, its successful online lending brand that provides underestimated and under-banked consumers with an affordable alternative for unsecured personal loans, across iHeartMedia's vast multiplatform network including radio, digital and social channels.
The minister further added that the reform would "promote financial inclusion to small and medium enterprises, women, youths and other under-banked groups", and "increase access to credit".
In a strategic move to reach out the unbanked and under-banked segments of society, one of the fastest growing private banks, RBL Bank, has bought a 9.
The Branchless Banking (BB) remains an effective channel to expand outreach of unbanked and under-banked people.
The Bank of Bhutan has started basic banking services from community centers in partnership with the Bhutan Post Corporation Limited to include the unbanked and under-banked population of the country in the banking net.
Commenting on the agreement, Arif Sirhindi, President and CEO U Microfinance Bank said that this agreement is a major milestone in implementing U Microfinance Bank vision of serving the unbanked and under-banked customers in the country.
Initiatives such as the recently introduced Smarts-witch card by Nampost aid in the easy access to finance to people in rural areas and those that are under-banked.
M-Pesa' empowers the unbanked and under-banked sections of the population gain access to financial services via the mobile phone.
The service is developed in-line with the Group's strategy of including un-banked and under-banked customers into the regulated financial services space, enhancement of financial transparency and expansion of financial transaction channels.