Streamlining access to banking services for unbanked populations.
The idea is to create a startup that focuses on providing seamless and user-friendly access to banking services for the unbanked populations. This can be achieved through mobile banking solutions, simplified account opening processes, and financial literacy programs. According to the World Bank, approximately 1.7 billion adults globally still do not have access to banking services. By targeting countries with large unbanked populations, such as India, China, Brazil, and Nigeria, the startup has the potential to tap into a market worth $380 billion.