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Technology has made it easier for customers to access financial services from anywhere. It’s a technology that replaces or enhances existing systems and makes them better. It includes everything from money transfers to server management. Easy transactions or intuitive management systems – you name it, and Fintech delivers.
Economies like China and India have massively improved their financial services by introducing innovative financial technologies in the banking, financial management, and insurance sectors. Fintech companies are helping lift people out of poverty and create a more financially inclusive world. M-Pesa has already helped lift an impressive 194,000 households, or 2% of Kenyan households out of poverty but Fintech in Bangladesh is still lagging behind in comparison with other developing nations in terms of using technology to automate and digitalize financial activities.
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