Closing the Gap: Digital Banking Solution for the Unbanked Population

Author:   Meera Sharma
Publisher:   Self
ISBN:  

9798869162366


Pages:   70
Publication Date:   03 January 2024
Format:   Paperback
Availability:   In stock   Availability explained
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Closing the Gap: Digital Banking Solution for the Unbanked Population


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Overview

Millions remain locked out of the financial system, trapped in a cash-based world with limited access to basic banking services. This isn't just an inconvenience; it's a barrier to economic opportunity, hindering poverty reduction and inclusive growth. But the tide is turning, and digital banking solutions are emerging as powerful tools to bridge the gap. Imagine a world where everyone, regardless of location or circumstance, can securely store money, send and receive payments, and build a financial future. No more hidden fees, long lines, or exclusion from essential financial services. This is the vision of inclusive digital banking, and it's within reach. Mobile wallets and agent banking networks are paving the way, offering easy-to-use, low-cost access to financial tools through simple smartphones and local touchpoints. This empowers the unbanked to participate in the digital economy, save for emergencies, receive remittances, and even access credit. But it's not just about technology. Building trust and financial literacy is crucial. Partnering with communities, NGOs, and governments to educate users and address security concerns is key to widespread adoption. Closing the gap isn't just a moral imperative; it's an economic and social game-changer. By unlocking the potential of millions, we can boost local economies, create jobs, and foster a more equitable society. This is the transformative power of digital banking for the unbanked.

Full Product Details

Author:   Meera Sharma
Publisher:   Self
Imprint:   Self
Dimensions:   Width: 15.20cm , Height: 0.40cm , Length: 22.90cm
Weight:   0.104kg
ISBN:  

9798869162366


Pages:   70
Publication Date:   03 January 2024
Audience:   General/trade ,  General
Format:   Paperback
Publisher's Status:   Active
Availability:   In stock   Availability explained
We have confirmation that this item is in stock with the supplier. It will be ordered in for you and dispatched immediately.

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