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E-Banking: The Next Revolution in Financial Access
Topic : Digital Finance
E-banking has the potential to revolutionise access to financial services for the poor. There is growing consensus that e-banking offers a unique opportunity to address mainstream banks’ two major barriers to serving the low-income market: the need for a branch infrastructure and managing high volumes of low value transactions. The potential of e-banking to significantly extend the reach of financial institutions into rural areas, without investing in “bricks and mortar” branches, is widely acknowledged.