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Elena Whisler, SVP, Sales and Relationship Management at The Clearing House | Episode 123

Leaders In Payments

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The Effects of the Pandemic on Unbanked and Under Banked

Do you feel it's had a positive or a negative effect when it comes to reducing the number of unbanked and under banked? I haven't seen specific data or research that addresseses, but we do know that at the beginning of the pandemic, individuals without a bank account had the hardest time eiving pendomic relief payments. The treasury is working really hard at continuing to digitize its payment interactions. And we we hope to see broader reach in the upcoming few years. They are pushing the issue nearly all payments electronically by 20 30.

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