The Role of Testing in Improving Financial Inclusion

Financial inclusion implies availability and accessibility of financial services to all individuals, regardless of their socioeconomic status, geographic location, or other factors. It is crucial for economic growth and reducing poverty, yet millions of people around the world are still excluded from formal financial systems.

In this article, we will explore how testing can help improve financial inclusion and make financial services more accessible to all. By leveraging testing, banks and other financial institutions can help close the gap in financial inclusion and provide essential services to those who need it most.

How Fintech Increases Financial Inclusion

Financial inclusion has become a critical global issue in recent years, with millions of people around the world lacking access to basic financial services. According to the World Bank, about 1.7 billion adults globally do not have access to a bank account or other financial services, with the majority of them residing in low- and middle-income countries.

Let’s explore how fintech is helping to increase financial inclusion:

Providing access to underserved communities