Hi, I'm Onyemachi Anthony The founder and C.E.O of ajoopay. Having a 7 year experience in microfinancing I have noticed that being unbanked was not the problem to financial inclusion but the real problem lies within the underbanked being unable to access financial services. Why should the unbanked care to have a bank account when the underbanked are having a hard time using theirs? Let us give the unbanked a new reason to have a bank account by first providing access to financial services for the underbanked. I would be explaining in details how to address the problem.

Suggestions and contributions are also welcomed

The term underbanked refers to individuals or business owners who have a bank account but often rely on alternative financial services such as thrift collection and group loan to manage their finances and fund purchases. This may be because they lack access to convenient banking services or because they prefer to use these services to traditional financial services.

Do you know that if your bank account and it's transaction can not secure you a loan facility, insurance and health care on a credit facility then you are classified as underbanked

Now the right question is what is the importance of financial inclusion when you don't have access to financial services?