How Fintech Is Transforming Banking In Latin America

In many parts of the world, it’s common for people not to have bank accounts, particularly in developing or underdeveloped countries. At the same time, however, mobile phones are ubiquitous. For example, there are 127 million people in Mexico, and more than 63 percent do not have a bank account. Yet, about 60% of them have a smartphone. That leaves 104 million people in need of banking services.