As incredible as it may seem in this hyper-connected, technologically advanced era, half the planetas population exist as aFinancial nomadsaathose who nourish and shelter themselves without using traditional banking services. While the wealthy live at the top of a metaphorical pyramid, taking financial security and banking services for granted, there are billions of people who struggle at the pyramidas base in an exhausting state of financial exclusion and insecurity. Times are changing rapidly, but despite global uncertainty, technology has the capacity to reach and equip people in all walks of life. Advances in communications have reconfigured the ease with which we interact with our moneyaand these advances can provide innovative financial services to the unbanked and underserved around the world. Financial inclusion for all is indeed within our reach, and with this conviction, authors Karl Mehta and Carol Realini propose a vision for a better world and a blueprint to get there. www.carolrealini.comThe Cost of CheckCashing Services As reported in 2011 by Claes Bell for Bankrate.com, the real cost of checkcashing services as compared to fees charged by banks can be very high. ... WalMart: Three dollars for checks of $1, 000 or less, six dollars for check amounts of $1, 001 to $5, 000. ... Money Orders 4.90% Insurance Drafts 3.90% Cashiera#39;s Checks 3.90% Tax Checks 1.90 % Moneytree Money Orders 1.00% Other Checks 4.90% Business Owners: Ask About Special Rates Inanbsp;...
|Title||:||Financial Inclusion at the Bottom of the Pyramid|
|Author||:||Carol Realini, Karl Mehta|
|Publisher||:||FriesenPress - 2015-07-15|