Category: Technology

There is a high ratio of the informal sector, scattered industries, and broader gaps in access to fintech products in developing countries. Also, competent agency banking will help the financial institutions to reach places and expand their userbase horizon. In regions of Latin America, the Medium and Large-Scale Industries (MSMEs), particularly in the agricultural sector, face an acute shortage of access to financial benefits as most of the population there still live in an ‘unbanked’ world.