Mobile payments could grow tremendously among underbanked Americans

Mobile Payments

This demographic in the United States is now seen to be a key player in the growth and success of the transactions. Current estimates show that in the United States, there are 68 million people who are considered to be underbanked, and the majority of them are highly familiar with cell phones, which makes them ideal candidates for benefiting from what mobile payments have to offer. This can mean that if the market is able to crack this demographic, it could have the potential for tremendous growth. The primary hurdle…

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Mobile payments offerings for unbanked demographic established by Mozido

mobile payments technology

The acquisition of PagoVision is expected to solidify the company’s services and solutions. Mozido LLC has announced that it has just made the acquisition of a check cashing and transaction services company called PagoVision, which specializes in its offerings for unbanked customers, which will allow the company to expand its mobile payments services. This will also allow Mozido to strengthen its own links to the unbanked marketplace. Mozido was not new to the industry, as it had already been offering a cloud based mobile payments platform in addition to a…

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