The Opportunities of Digitizing Payments. World Bank Development Research Group. August 28, 2104.
According to the report, digitizing payments and remittances is vital to achieving G20 goals. The G20’s focus on financial inclusion directly contributes to its core goal of achieving strong, sustainable, and balanced growth. Studies show that broader access to and participation in the financial system can reduce income inequality, boost job creation, accelerate consumption, increase investments in human capital, and directly help poor people manage risk and absorb financial shocks. [Note: contains copyrighted material].
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