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From developing to developed countries, the winning formula for financial inclusion

Financial exclusion impacts countries all over the world, but how do we explain its prominence? Mouna Fouillade, Head of Communications, EMEA for TSS at Ingenico, a Worldline brand, looks at the key blocking points to digital transformation, reveals the equation to solve this challenge, and explores a solution in Kenya where trust was gained through a branchless banking network. 

When we think about financial inclusion, it’s tempting to associate it with poorer populations in emerging countries where cash is still the driver for a high percentage of transactions. Even though 43% of sub-Saharan Africans have an account at a bank or with a mobile money service provider, the vast majority of purchases are still completed using cash. In Nigeria, for example, the rate is 95%.

Read the full article on our Corporate Blog