CFSI: 2010 Underbanked Market Size
The products and services that cater to the needs of financially underserved consumers are big business. In 2010, providers in the underbanked marketplace received an estimated $45 billion in fees and interest. This revenue originated from a total estimated volume of $455 billion in principal borrowed, dollars transacted, and deposits held. These financial service companies provide credit, payment, and deposit services to the estimated 60 million2 underbanked consumers in the U.S. Both the
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