DOIONLINE 
DOIONLINE Publish In |
International Journal of Management and Applied Science (IJMAS)-IJMAS |
 Journal Home Volume Issue |
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Issue |
Volume-3,Issue-2 ( Feb, 2017 ) | |||||||||
Paper Title |
Technology Innovation to Bridge the Gap Between Banks and Unbanked Population in the European Union | |||||||||
Author Name |
Olivia-Georgiana Nita | |||||||||
Affilition |
Transfer Rapid Ltd, Data Research and Analysis Department and PhD student at Bucharest University of Economic Studies, Bucharest, Romania | |||||||||
Pages |
62-66 | |||||||||
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 | |||||||||
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