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Underserved and overlooked: Digital technology can make financial struggles easier to manage

  • Fri, 08 Sep 2017 15:27
Print section Print Rubric:  In rich countries, just as in developing ones, digital technology could make financial struggles easier to manage. Its potential has scarcely been tapped Print Headline:  Underserved and overlooked Print Fly Title:  Technology and financial inclusion UK Only Article:  standard article Issue:  What machines can tell from your face Fly Title:  Underserved and overlooked Main image:  20170909_IRD001_0.jpg BETWEEN 2011 and 2014, according to the World Bank, the number of people in the world with a bank account, either directly or through a mobile-money provider, grew by no fewer than 700m. The global ranks of “unbanked” adults thinned from 2.5bn, 49% of the total, to 2bn, just 38%. Data being collected this year are likely to show further progress, with more people who used to rely on cash and informal, often expensive, means of saving, ... Economic Issues

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