How do Fintechs accompany a major societal evolution for the population?
Oct 7, 2021 | 5:30 PM CEST - 6:15 PM CEST
Oct 7, 2021 | 5:30 PM CEST - 6:15 PM CEST
Description
A low rate of bank penetration (10 to 20%) means a very limited number of citizens with a bank account. A very limited number of citizens with a bank account means few bank cards in circulation. All of this, combined with a very low rate of Eftpos terminals and even lower rates of NFC terminals, means that a large part of the world is not using simple and fast payment solutions. The transfer of money from person to person and the circulation of cash are predominant. Few people can store their money, save, pay simply, and plan for the future. Digital technology allows this part of the world to benefit from solutions that facilitate their daily life, but even more that open a horizon that is beneficial for each individual.
