Busting the 10 Myths on Financial Inclusion
Myth No. 6
Digital technology is the “cure-all” solution for bringing financial services to people and business more conveniently and faster than in the past.
Technology is only good when people use it because it solves a specific problem for them. To reach the base of the pyramid—the last mile—financial service providers must first address the two barriers: Identity verification (demand side), and accessing financial services (supply side).
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