Why We Need to Foster Financial Inclusion Through Digital Banking

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As digital financial services develop, banks and non-banks have the prospect of reaching millions of new customers among previously excluded and underserved populations. Digital financial channels are growing and now include mobile phones, smartphone apps, and digital assets. Innovative payment platforms and services are seeking to serve the unbanked and underbanked by delivering safe and easy access to financial services. This is made possible by combining technologies including virtual payment cards, mobile phone payments, digital assets and service offerings for minorities to make payment services, banking platforms, and secure transactions more accessible. As a result, these services are reaching a wider audience and fostering financial inclusivity as well as creating seamless banking services.
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