How Can Digital Finance Help Emerging Economies

Every economy, big or small, requires financial services for its people and its businesses. Financial services enable people to save, invest and generally be risk-free. However, these financial services come at a premium mostly and they are still not widespread into the hinterlands of emerging economies. This prevents a large number of people within emerging economies from being included in the financial activities of the country. As per a McKinsey 2016 report, approximately 2 billion individuals and 200 million business across emerging economies lack access to these financial services. Some…

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