Transcription of DIGITAL FINANCIAL SERVICES - World Bank
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DIGITAL FINANCIAL SERVICES - World Bank
DIGITAL FINANCIAL SERVICES April 2020 Ceyla Pazarbasioglu, Alfonso Garcia Mora, Mahesh Uttamchandani, Harish Natarajan, Erik Feyen, and Mathew Saal Foreword Access to affordable FINANCIAL SERVICES is critical for poverty reduction and economic growth. Countries with deeper, more developed FINANCIAL systems have higher economic growth and larger reductions in poverty and income inequality. For poor people, access to and use of basic FINANCIAL SERVICES can improve incomes, increase resilience and improve their lives.
border remittances—and to pay bills from their home, or in a market or store setting, with limited physical contact. But the potential is much larger than what has been achieved. This crisis has highlighted the benefits of digital financial services in many different dimensions and its critical role in achieving the Sustainable Development Goals.
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