1. Not all cellphones are smartphones, and not all smartphones are capable of running a given app
2. Presumably a debit card on the same network would work just as well. What’s the credit + debit card penetration rate?
2. Presumably a debit card on the same network would work just as well. What’s the credit + debit card penetration rate?
https://www.oberlo.com/statistics/how-many-americans-have-sm....
4.5% of the US is "unbanked". So now we are talking about 4.5% vs 9% and the overlap is probably small.
And before you say poor people probably don't have smart phones. 94% of homeless people have cell phones. The percentage of poor people with cell phones is probably higher.
https://priceschool.usc.edu/news/homeless-los-angeles-cell-p....
(No I'm not judging homeless people for having a life line for survival)