> There are a lot of unbanked people in the world, more than we in our western minds would dare to guess, I think.

I'll bet you haven't travelled in the developing world either.

I have.

I met tons of unbanked people, nearly all because they don't have any money. And the ones that do aren't going to invest it in "some app on their phone".

> the number of people that now have "wallet" software running on their phone

And what is the median balance on those wallets?