Cheap And Functional Mobile Phones, Affordable Internet Access, Necessary For Digital Finance In Developing Economies – World Bank

The president of the World Bank, David Malpass, has disclosed that cheap and functional mobile phones as well as affordable internet access are necessary for the expansion of digital finance in developing economies. He disclosed that the covid-19 pandemic influenced a digital revolution that has catalyzed the increase in access to and use of financial services in developing economies, which has transformed how people borrow, save, make and receive payments. While stating in a World Bank blog titled, ‘Aiding the digital revolution on global financial inclusion’, he disclosed that the digital transformation has made it easier for people to send … Continue reading Cheap And Functional Mobile Phones, Affordable Internet Access, Necessary For Digital Finance In Developing Economies – World Bank