New initiative will help unbanked Black and African Americans, Hispanics, and Native Americans have easier access to low-cost banking Wells Fargo today announced the Banking Inclusion Initiative, a 10-year commitment to help unbanked individuals gain access to affordable, mainstream, digitally-enabled transactional accounts – a meaningful entry point to fully participating in the economy and achieving
Tag: Access
The financial industry has changed a lot over the years, particularly after the invention of the internet. Because of this, it is now possible to shop online, send money to the other side of the world, manage your funds via the web, without the need to go to the bank or some other financial institution,
The president of the World Bank, David Malpass, has disclosed that cheap and functional mobile phones as well as affordable internet access are necessary for the expansion of digital finance in developing economies. He disclosed that the covid-19 pandemic influenced a digital revolution that has catalyzed the increase in access to and use of financial
State-legal marijuana businesses would be able to be listed on national stock exchanges and access key financial services under a bipartisan congressional bill that was filed on Thursday. The Capital Lending and Investment for Marijuana Businesses (CLIMB) Act is being sponsored by Reps. Troy Carter (D-LA) and Guy Reschenthaler (R-PA). While a main thrust of
Representational image | Manisha Mondal | ThePrint Text Size: A- A+ Digital connectivity is oxygen for opportunity. The opportunities made possible to those who are connected are rapidly expanding as services across every sector are increasingly provided and consumed online. These include healthcare, education and financial services. Yet, the global COVID-19 pandemic
A digital infrastructure known as the India Stack is revolutionizing access to finance A decade ago, India’s vibrant local markets were filled with people buying and selling goods with well-worn banknotes. Today, they are just as likely to use smartphones. Advances in digital finance mean that millions of people in the formal and vast