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Watershed moments: How technology bolstered the financial inclusion

Watershed moments: How technology bolstered the financial inclusion

Business Standard10 hours ago

Govt started groundwork 50 yrs ago, but adoption and advancement of tech have sped up growth of financial services
Mumbai
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In 2017, when smartphone payments were making inroads across the world and Unified Payments Interface (UPI) was just a year old in India, a tiny African country was celebrating a decade of digital wallets. Launched in Kenya in 2007, M-Pesa showed the world how technology could put financial inclusion on a fast track.
Back home in India, the government had started laying the groundwork for financial inclusion over five decades ago. But adoption of technology and its advancement have sped up the growth and deepened the reach of financial services.
The early initiatives of financial inclusion started

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Watershed moments: How technology bolstered the financial inclusion
Watershed moments: How technology bolstered the financial inclusion

Business Standard

time10 hours ago

  • Business Standard

Watershed moments: How technology bolstered the financial inclusion

Govt started groundwork 50 yrs ago, but adoption and advancement of tech have sped up growth of financial services Mumbai Listen to This Article In 2017, when smartphone payments were making inroads across the world and Unified Payments Interface (UPI) was just a year old in India, a tiny African country was celebrating a decade of digital wallets. Launched in Kenya in 2007, M-Pesa showed the world how technology could put financial inclusion on a fast track. Back home in India, the government had started laying the groundwork for financial inclusion over five decades ago. But adoption of technology and its advancement have sped up the growth and deepened the reach of financial services. The early initiatives of financial inclusion started

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