EXPLAINER

Busting the 10 Myths on Financial Inclusion

Myth No. 5

Digital technology benefits only the "banked" or the financially included as they can transact electronically through banks.

Fact

Technological innovations are revolutionizing the financial industry and with new digital applications there is now no need for a bank account, high-tech devices, or high levels of knowledge.





Disclaimer

The views expressed in these articles are those of the authors and do not necessarily reflect the views of the Asian Development Bank, its management, its Board of Directors, or its members.




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