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For 73 percent of Americans, participating in the digital economy is as easy as securing internet access and entering their relevant credit, debit or bank account numbers with the merchants and service providers they want to buy from and setting up their mobile banking app. After that, paying bills, sending money to another person, booking travel, and shopping with one click is a cinch.
But for 27 percent of American consumers who are unbanked or underbanked, according to the FDIC, things aren’t nearly as seamless. For those customers many of the digitally backed transactions that have simply become the inexpensive norm for most consumers – remains a friction-laden experience that can be costly in terms of
About | PYMNTS |
PYMNTS.com is reinventing the way in which companies share relevant information about the initiatives that shape the future of payments and commerce and make news. This powerful B2B platform is the #1 site for the payments industry by traffic and the premier source of information about “What’s Next” in payments and commerce. C-suite executives, company founders, and investors turn to it daily for these insights, making the PYMNTS.com audience the most valuable in the industry. It provides an interactive platform for companies to demonstrate thought leadership, popularize products and, most importantly, capture the mindshare of global decision-makers. It’s where the best minds and best content meet on the web. Innovations in payments and commerce have become highly intertwined. PYMNTS covers every aspect from retail reinvention to the Internet of Things.