IMPACT OF DIGITAL FINANCE ON FINANCIAL INCLUSION
R. Sushma
Abstract
R. Sushma
Abstract
Financial inclusion aim is to get the unbanked and underbanked to have better access to financial services. The availability of financial services that meet the specific needs of users without discrimination. Financial inclusion includes access to financial products and services like banks accounts, insurance, remittance & payment services, financial advisory services etc. It provides individuals with the possibility to save for future stability, a high level of bank deposit would enable a stable deposit base, opportunities to build savings, make investments and access credit. The broad range of financial services accessed and delivered through digital channels, including payments, credit, savings, remittances and insurance. Thus, digital finance has given a new shape to the banking industry. Digital finance is a financial service delivered through mobile phones, personal computers, the internet or cards linked to a reliable
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Financial inclusion aim is to get the unbanked and underbanked to have better access to financial services. The availability of financial services that meet the specific needs of users without discrimination. Financial inclusion includes access to financial products and services like banks accounts, insurance, remittance & payment services, financial advisory services etc. It provides individuals with the possibility to save for future stability, a high level of bank deposit would enable a stable deposit base, opportunities to build savings, make investments and access credit. The broad range of financial services accessed and delivered through digital channels, including payments, credit, savings, remittances and insurance. Thus, digital finance has given a new shape to the banking industry. Digital finance is a financial service delivered through mobile phones, personal computers, the internet or cards linked to a reliable
Key concepts: Unbanked, Financial inclusion, Financial services, Business, Finance, Credit card, Payment service provider, Payment