• Latest
  • Trending
FinTech Innovations are powering the Unbanked

FinTech Innovations are powering the Unbanked

UK trade policy : A comprehensive strategy for a new beginning

British insurers serve as a trial run for the post-Brexit “unshackling”

STARLINK satellite internet service gets 500,000 preorders, Musk says

Musk claims he was engaged in revitalizing Tesla while upholding his $56 bln package

In a long-awaited trial, Roche’s Alzheimer’s medicine falls short of its objective

In a long-awaited trial, Roche’s Alzheimer’s medicine falls short of its objective

Electric vehicle manufacturers struggle financially—struck by exorbitant prices

Electric vehicle manufacturers struggle financially—struck by exorbitant prices

After China central bank vows to crack crypto trade, Bitcoin slips

Bahamas investigators are looking into the FTX collapse

Volatility is most essential for crypto ecosystem

Morning Bid: Crypto a disaster, Congress looking different ways

Binance registers with Italy’s regulator amid plans to expand in Europe

Cryptocurrencies drop after FTX-Binance dispute worries investors

Stocks gain as upbeat wall St earnings lift outlook

Wall Street declines as jobs data dampens expectations for Fed rate easing

SMEs and the role of Fintech during the Covid-19

COVID ignites a breakthrough in one-day work trips as airlines undergo rebranding

Asia shares falls on worries over inflation, Fed outlook

China maintains its COVID strategy; U.S. stocks decline and the dollar rises

Fed policymakers see upward march in interest rates

Fed to eye December downshift as it sets to deliver another significant rate hike

Global banks in Hong Kong push to get staff back to office

Hong Kong to restore reputation as a financial centre, Lee promotes the “China advantage”

Global Business Review Magazine
Monday, January 30, 2023
Nominate Here
  • Home
  • Banking
  • Finance
  • Technology
  • FinTech
  • Business
  • Videos
  • Events
  • Awards
  • Magazine
No Result
View All Result
Global Business Review Magazine
No Result
View All Result

FinTech Innovations are powering the Unbanked

FinTech Innovations are powering the Unbanked

The emergence of the FinTech and the evolution of digitized transformation, has undoubtedly created best prospects for a tech savvy banking and finance related society. This prospect may ease up the adoption of better digitized payments platforms. However, the biggest challenge will still be the problem of uniting closer to 25million people who donot have the digital access yet under the aid of cash mode. Many still,  even though they have the access to digital modes still prefer the manual method of transaction. People must move ahead towards the larger masses where they prefer online payments and services than the physical mode. Now the important question is, how to provide online services to people who donot own a bank account or any banking services?

Some changes to the existing system may bring about this shift and change from unbanked public to fully digitized mode of transaction. They can provide a better and convenient modes of transaction platform making it easier for public to use it. Secondly, by empowering manufacturing industries with the necessary merchandize and application to get direct access of digital modes of transactions.

YOU MAY ALSO LIKE

Wall Street declines as jobs data dampens expectations for Fed rate easing

COVID ignites a breakthrough in one-day work trips as airlines undergo rebranding

It is at the same time very important to understand that the unbanked are mostly the migrant workers and the labourers who work on low incomes. By providing a means to save their hard earned money in banks, these people can be shown a way towards technology as well as financial stability. While the society may move towards the digitized world, it may take quite a long time for two billion people across the globe to move along with the flow since they are still stuck with the currency mode. The transition may be slow but is gradual and it is reflecting in the ever increasing trends of using online modes.

Tags: DigitalTechnology
ShareTweetShare

Search

No Result
View All Result

Recent News

UK trade policy : A comprehensive strategy for a new beginning

British insurers serve as a trial run for the post-Brexit “unshackling”

STARLINK satellite internet service gets 500,000 preorders, Musk says

Musk claims he was engaged in revitalizing Tesla while upholding his $56 bln package

In a long-awaited trial, Roche’s Alzheimer’s medicine falls short of its objective

In a long-awaited trial, Roche’s Alzheimer’s medicine falls short of its objective

Electric vehicle manufacturers struggle financially—struck by exorbitant prices

Electric vehicle manufacturers struggle financially—struck by exorbitant prices

After China central bank vows to crack crypto trade, Bitcoin slips

Bahamas investigators are looking into the FTX collapse

Volatility is most essential for crypto ecosystem

Morning Bid: Crypto a disaster, Congress looking different ways

Global Business Review Magazine

Global Business Review is a online print magazine focusing on the updates and information about on emerging markets, Finance, Banking, Technology. Global Business Review provides news, features, analysis, commentary, and interviews from industry across the globe.

Recent News

  • British insurers serve as a trial run for the post-Brexit “unshackling”
  • Musk claims he was engaged in revitalizing Tesla while upholding his $56 bln package
  • In a long-awaited trial, Roche’s Alzheimer’s medicine falls short of its objective
  • Electric vehicle manufacturers struggle financially—struck by exorbitant prices
  • Bahamas investigators are looking into the FTX collapse

Categories

  • Banking
  • Business
  • Events
  • Finance
  • FinTech
  • Tech
  • Videos
  • About
  • Nominate
  • Privacy & Policy

© 2022 Global Business Review Magazine - All Rights Reserved.

No Result
View All Result
  • Home
  • Banking
  • Finance
  • Technology
  • FinTech
  • Business
  • Videos
  • Events
  • Awards
  • Magazine

© 2022 Global Business Review Magazine - All Rights Reserved.

Go to mobile version