How Digital Financial Services Can Help the World's Poor

Digital financial services have the potential to help lift millions of people out of poverty around the world. In many developing countries, traditional banking systems are inaccessible, leaving many people unbanked and without access to basic financial services.

Digital financial services, however, can provide a solution. They enable people to conduct financial transactions through mobile phones, which are increasingly prevalent even in the most remote areas of the world. This allows people to access financial services such as savings accounts, loans, and insurance, which can be crucial for starting a business, dealing with unexpected expenses, or building a safety net.