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Across the globe, a staggering 1.7 billion adults are unbanked – meaning they are unable or unwilling to use any traditional banking services. Even more are underbanked, not able or willing to access services from traditional financial institutions (FIs) beyond a basic account, often due to their lack of collateral or an adequate credit rating.
Fortunately, digital technologies can help bridge these gaps and make financial services more accessible. Smartphones, along with the Internet and other everyday tools, are the keys to this potential revolution.
In this analyst report, you’ll gain an understanding of the central role that technology plays in advancing financial inclusion. Read on to learn more.