Paper Title :Technology Innovation to Bridge the Gap Between Banks and Unbanked Population in the European Union
Author :Olivia-Georgiana Nita
Article Citation :Olivia-Georgiana Nita ,
(2017 ) " Technology Innovation to Bridge the Gap Between Banks and Unbanked Population in the European Union " ,
International Journal of Management and Applied Science (IJMAS) ,
pp. 62-66,
Volume-3,Issue-2
Abstract : This paper aims to present a possible solution to the problem of financial exclusion. Banks are mainly focused on
serving clients with high life-time value and on trimming costs, while unbanked people, due to several psychological,
cultural and educational factors, are not interested in banking products and services. This article focuses on a particular
segment of population, that is exposed to a greater risk of financial and social exclusion – migrant workers and their
families. The study presents an innovative instrument of receiving remittances – as a possible mechanism to bridge the gap
between banks and unbanked population in the European Union (EU).
Keywords: technology innovation, banks, unbanked population, migrants, remittances
Type : Research paper
Published : Volume-3,Issue-2
DOIONLINE NO - IJMAS-IRAJ-DOIONLINE-7229
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Copyright: © Institute of Research and Journals
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Published on 2017-05-10 |
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