The fact is that more than 2.5 Billion people don't own a bank account, fact that Orbis will want to help change and provide digital banking services for more than 1 billion unbanked people until the year 2025 giving the opportunity to these people to at least own a debit card or a smart-phone that uses Orbis technology.
It will really a big help for people around the world who doesn't have bank account and having a hard time to open one. With the use of Orbis, they can have a bank account and it is better and reliable than traditional bank because of its unique features like AI-robot for customer services.
The current rate of bank account ownership around the world is only 60%. The remaining 40, mainly in developing countries, do not have any bank account whatsoever. This is a shocking figure, considering what an integral part of daily life a bank account is for the 60% who do have one. In the past 5 years, however, the volume of cash circulation in the world has barely gone up, while non-cash transactions have grown by more than 10%.
ORBIS seeks to bridge the gap, too. Orbis currently aim to provide financial access to 3 million unbanked persons across Latin America, Africa, and Asia by 2020 through partnerships with banks. Orbis self-service platform will provide an accessible solution to these people and allow them their first opportunity to unlock the opportunities that finance grants them. These opportunities will include debit card ownership, smartphones with ORBIS payment apps, and QR and barcode scanning.