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Minimum balance, banking fees, accessibility / location, lack of public education / financial literacy outreach could be deterrents to financial inclusion

By Hicbd
Wed Sep 8 2021 10:15 am

"These issues included minimum balance requirements for bank accounts and service fees that were barriers to people living in poverty. Likewise, while some policies promoted the creation of brick-and-mortar branches of financial institutions in remote areas, only two of these programs included public outreach campaigns for attracting and retaining customers."

URL:
https://news.illinois.edu/view/6367/808477
https://www.brookings.edu/research/accelerating-financial-inclusion-in-india/
https://www.business-standard.com/article/finance/80-of-indians-now-have-a-bank-account-so-why-is-financial-inclusion-low-118051700150_1.html

URL Credit

Categories:
Global Poverty Banks / Financial Institutions Global Asset Building / Financial Inclusion Business / Invention Idea U.S. Poverty Global Economic Development / Sustainable Industries Fintech India Global Women Empowerment / Gender Equality

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