As people become accustomed to using their mobile phones for common everyday tasks like shopping, social media, and getting around, mobile finance services are also gaining traction. In Brazil, mobile banking accounts for a third of all transactions made.

While 44% of Brazilians remain unbanked, the way the nation spends its money is evolving. Already comfortable with mobile payments and online banking, people are increasingly embracing credit and debit cards because they are more secure than cash.

Although 64% of Americans say that money is a source of stress, the perception of banks as greedy and uncaring makes it difficult for them to connect with customers who could use their support. So, how can the sector as a whole help those who are prone to spending more than they can save?

Starting a retirement plan sounds like next level ‘adulting’, but with one in three Americans having no money in their nest egg and people living longer, it’s a vital financial consideration. Honest Dollar is hoping to provide the answer with affordable ways for SMEs to help employees start saving.