PayNearMe Dispels Myths About Underbanked Consumers

When Kumar informs executives and managers that over 28 percent of U.S. households — more than 68 million adults — do not have a checking account or simply rely on alternative financial services, some refute those statistics as being overinflated. “The reaction I get is normally surprise,” Kunal said. “Most people that I come across — even people who work in subprime-related targets — are usually relatively surprised by the magnitude of that population in the United States.