Financial inclusion in developing countries is an absolute must. While there are consumers who will prefer the anonymity of dealing with cash only, the vast majority would love to have access to essential financial services. This includes a bank account, payment cards, and loans or insurance providers.
Developing countries are flocking to Bitcoin as a way to solve financial inequality. Citigroup once again goes to show that major financial providers do not care all that much about these regions, as they are not providing optimal profitability by any means. This is an interesting development for sure, although it goes to show that clients are nothing more than numbers on a balance sheet for financial service providers.
http://themerkle.com/citigroup-exits-developing-markets-by-spinning-off-consumer-businesses/
Topic: [2016-10-12]Citigroup Exits Developing Markets By Spinning Off Consumer Business (Read 230 times)
October 11, 2016, 07:06:58 PM
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