“A study published this Tuesday, the 11th, by the IPEA (Institute for Applied Economic Research) shows that 39.5% of Brazilians don’t have a bank account. The ‘Banks: Exclusion and Services’ study reveals that 52.6% of those interviewed in the Northeast and 50% in the North don’t use banks while in the Midwest, 31.2% don’t have accounts. In contrast, the South and Southeast presented percentages of 65.9% and 70% of those interviewed who saved their money in financial institutions.
According to the IPEA, it’s necessary to create products and services for those 39.5% that don’t have a bank account, so that they can be incorporated into the banking system and socialize access to public services operated by concession.” – Baguete
This study makes me laugh. Why is it necessary to include a third-party (banks) in an A /B transaction? This was the biggest con of them all when ‘we decided’ (it was decided for us) to use a heavily-controlled monetary system for transactions between a buyer and a seller. Anyone who doesn’t fall in line must be a ‘terrorist’ or something. Can’t trust people that…what’s that called?…oh, yeah, think!
Perhaps the IPEA will learn something from the 5-part video series called ‘Corrupt Banking System’