• Latest
  • Trending
FinTech Innovations are powering the Unbanked

FinTech Innovations are powering the Unbanked

Wells Fargo advisors fines $7 MLN by US SEC for anti-money laundering

Wells Fargo advisors fines $7 MLN by US SEC for anti-money laundering

Ford sells shares in EV maker Rivian for $214 MLN

Court puts sales ban on Ford’s internet linked cars in Germany

There is nothing left before Blockchain Fest in Singapore

There is nothing left before Blockchain Fest in Singapore

Exclusive Hyundai to slash combustion engine line-up, invest in EVS

Hyundai motor group plans to invest $16.5 BLN in S.Korea EV business

SONY expects profit to slip after pandemic boom

Sony readies for metaverse revolution with cross-platform push

JP Morgan shareholders vote disapproval of CEO Dimon’s special payout

JP Morgan shareholders vote disapproval of CEO Dimon’s special payout

Tesla loses $ 126 BLN in value amid Musk Twitter deal funding concern

Elon Musk says Twitter legal team told him he violated an NDA

Tech firms asks US supreme court to block Texas social media law

Tech firms asks US supreme court to block Texas social media law

US FAA shifts gears on certifying future flying taxi pilots

US FAA shifts gears on certifying future flying taxi pilots

Ford sells shares in EV maker Rivian for $214 MLN

Ford sells shares in EV maker Rivian for $214 MLN

Fed’s Waller says now is the time to hit it on raising rates

Fed’s Waller says now is the time to hit it on raising rates

All the best is yet to come in Singapore: Blockchain Fest 2022

All the best is yet to come in Singapore: Blockchain Fest 2022

Global Business Review Magazine
Thursday, May 26, 2022
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

Wells Fargo advisors fines $7 MLN by US SEC for anti-money laundering

Fed’s Waller says now is the time to hit it on raising rates

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
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

  • Wells Fargo advisors fines $7 MLN by US SEC for anti-money laundering
  • Court puts sales ban on Ford’s internet linked cars in Germany
  • There is nothing left before Blockchain Fest in Singapore
  • Hyundai motor group plans to invest $16.5 BLN in S.Korea EV business
  • Sony readies for metaverse revolution with cross-platform push

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