* Our Parent Company Crypto Token is LIVE!!! *Flag Token

How FinTech is Furthering the Cause of Financial Inclusion and Literacy

Date:

Share post:

In many ways, financial services have developed in two distinct prongs. On the one hand, there is a FinTech boom, which has given a massive number of people access to easy credit and insurance coverage. On the other hand, a sizable portion of the global population remains unbanked. Not only is there limited access in more remote parts of the world, but there is also an absence of adequate financial literacy that would spur the demand for such services.

On the occasion of International Day of Education (24th January), we asked a key question: are FinTech and financial inclusion & literacy antithetical to each other? Or, do they go hand in hand? Recent trends suggest that it is definitely the latter, and FinTech providers are now actively working towards improving financial literacy among all.

Not only is this key to creating a sustainable customer base, but it also helps in strengthening societies and driving development – which is what the International Day of Education, as adopted by the UN, is all about.

Understanding the Promise of FinTech

The potential of FinTech to bring…

Read more…

Related articles

How to Become a Blockchain Developer

It’s been a rough year for cryptocurrencies, with the collapse of crypto-centric companies like FTX forcing coin prices...

Bitcoin UTXOs Older Than 5 Years Surged During Bear Market

UTXO or unspent transaction output is the amount of bitcoin someone is left with after executing a transaction. Read...

DailyPay Announces $260 Million in New Funding

DailyPay announced it has secured $260 million of capital to fuel growth domestically, expand internationally and further invest...

India Keeps Restrictive Crypto Tax Rules in 2023 Budget

India has kept its restrictive crypto tax rules unchanged in 2023. In fact, Finance Minister Nirmala Sitharaman did...