Two billion people remain unbanked, without access to safe, secure and affordable financial services.
Any financial sector needs to be aligned to support the changing demography, technology, and attitudes in the country. This helps meet the real-time needs of communities, consumers and businesses. Advancement of the digital financial sector or infrastructure can help improve proximity and bring harder-to-reach consumers and businesses into the financial ecosystem at much lower costs.
We believe that innovation is central to developing solutions that will truly transform the financial lives of underserved people. According to GSMA, mobile money must become a central monetization mechanism, universally available across a greater range of digital transactions. By making mobile money more central to the financial lives of these users, greater financial inclusion, economic empowerment and economic growth can be achieved.
These emerging technologies have already led to disruption within a broad range of financial services that have impacted savings, insurance, investment, payments and credit products. Regardless multiple reports backed by data show that CASH is still KING.
Ever thought about how we might find innovative solutions to develop a smart digital financial infrastructure to drive access and increase participation in the financial ecosystem?
The KING is dead, long live the KING! They say cash is KING, we need your help to kill the KING.
Could this be just the beginning of a new digital era?