Don't only think of the classic "poor", think of:
- people earning 500 dollars/month (lower middle class here) which Visa and Mastercard don't accept as customers;
- young people (under 18 or 20) and women (that's A LOT of people);
- people in informal work agreements (that's 1/3rd of the population here), black and gray market, which cannot demonstrate their income and avoid taxes.
Comments
Are the folks without credit cards on the internet?
At least here in Uruguay, the answer is yes.
Don't only think of the classic "poor", think of: - people earning 500 dollars/month (lower middle class here) which Visa and Mastercard don't accept as customers;
- young people (under 18 or 20) and women (that's A LOT of people);
- people in informal work agreements (that's 1/3rd of the population here), black and gray market, which cannot demonstrate their income and avoid taxes.
Isn't that paypal's business model? They're doing OK.