In the last feature, we spoke about the foundation of Agency Banking and its importance in advancing financial inclusion on a global level. Financial institutions the world over have realized that the lack of sufficient service points in remote and rural markets and high investments in creating and maintaining new
On an average a rural consumer has to travel for hours to reach the nearest bank branch or institution even for daily transactions like depositing and withdrawing cash. Traveling such distance on a day-to-day basis is not only time consuming, but also costs money, making it counterproductive for an already
Technology has always played a key role in the financial sector in ways that most people take for granted and might not even notice. In examining the timeline of FinTech developments, the last 65 years paint a picture of continued innovation and evolution. In the global FinTech space, the 1950s
Shanti Bai lives in a village in Sehore district where she runs a grocery store. She is eligible for pension for which she waits for the 10th of every month. Previously she faced many problems dealing with the bank. She had to walk a lot and she didn’t know how
Meet Mr. Dayashankar, he runs a tailoring business in Raipur. He started his shop in 2016 and has been working hard to support his family of 4. He leads a simple life. However, the income wasn’t enough to make his ends meet. He thought working extra outside his tailoring business
Rani Sheikh lives with her mother-in-law in a small village near Hoshangabad. All these years Rani has been unaware of operating simple things related to banking. But now she has gained enough confidence to make transactions on her own. Few months back when her husband started working as a labourer
Dinesh has been working as a bike mechanic for the last 8 years. With this work he just about managed a basic income and supported his family of 5. This would have continued until a visit to the annual village fair transformed his life and made him think of opportunities
