The unbanked.
The unbanked are like ships lost at sea, a drift in an endless expanse of open water with no land or structures in sight. They navigate treacherous currents and unpredictable storms, searching for safe harbors where they can dock and find the financial resources they need to survive and thrive. Financial inclusion is the beacon that guides them through the fog, showing them the way to the stable ground of prosperity and security.
According to the latest report from the World Bank, there were an estimated 1.7 billion adults without a bank account in 2017. This represents around 31% of the world's adult population. The majority of unbanked adults live in developing countries in regions such as Sub-Saharan Africa, South Asia, and the Middle East. Lack of access to financial services, high costs, and distance to financial institutions are some of the main reasons why people remain unbanked.
Financial inclusion empowers individuals and communities to shape their own futures, breaking down barriers to success and unlocking new opportunities for growth and prosperity.
Financial inclusion is not just a matter of providing access to banking services or credit. It's about creating a community where everyone has a voice, where everyone has the opportunity to build a better future for themselves and their families. Thanks to the power of human connection and collaboration, we can help one another break down the barriers that keep us from achieving our full potential. Together, we can build a world where financial security is a reality for all.
Bridge the gap.
Through Nymo, we bridge worlds and uplift communities, creating a web of financial and human connection that empowers both the sender and the unbanked recipient. As we strengthen the bonds between us, we not only create prosperity and abundance, but also nurture a more vibrant and sustainable world for all.