All tagged Payments
Digital transformation, across other industries, exposed consumers, to the convenience, and ease of use of tech enabled digital products. SME’s and consumers, of retail finance products, expect the same level of immediacy and customisable products and services.
Presently, 30% of the world’s adult population is unbanked, 80% of SME’s worldwide have no access to formal financial systems and 90% of the adult population in developing countries do not have access to a credit card. The International Finance Corporation (IFC) reported a funding gap of more than US$ 2 trillion for (SME’s) in emerging markets. Hence the World Bank and the G20 are collaborating to solve this challenge.
