Banking the unbanked in Latin America

Closing the access gap

Roughly 26% of Latin America's population remains unbanked, according to World Bank data. That's tens of millions of people still locked out of formal financial services, representing one of the largest untapped growth opportunities in the region's financial industry today.

Get the whitepaper and see:

• The six barriers keeping consumers unbanked, including a financial literacy rate of just 27% among adults in the region
• Why the gender gap matters, with the gap widening further in rural areas
• How convenience and trust have to work together, since a mobile app alone won't win over someone who's never trusted a formal bank
• How alternative credit scoring brings in non-traditional data, like utility payments, to assess creditworthiness for applicants without formal credit histories
• How financial inclusion technology helps institutions identify underserved communities and tailor outreach, payment plans, and financial education to their specific needs

For lenders willing to build the right infrastructure, banking the unbanked in Latin America is a path into new markets and long term customer relationships.