One of the
issues being solved by fintech firms is financial exclusion. With the
introduction of new trends such as micropayments, more people are now able to pay
online. Indeed, even today, this is not possible if we rely on traditional
banking facilities or similar settlement solutions. This is because a lot of individuals
are unbanked or underbanked. Unfortunately, this means that they are
underserved as well. Thankfully, alternative digital payment services are
eliminating some of these barriers by bridging the gap, promoting financial inclusion and helping consumers.
Photo
credit: TheDigitalWay from Pixabay
New
services are more inclusive
Comments
Post a Comment