Financial inclusion accelerated: How real-time payments are bringing millions into the economic fold

Zennon Kapron
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Zennon Kapron: Managing Director, Kapronasia Shanghai, China

Journal of Digital Banking, 2019, vol. 3, issue 3, 250-259

Abstract: When real-time payments were first launched, the potential impact on the financial industry was not very clear. Today, banks have developed new business models and innovation to leverage value for their customers. Real-time payments have also significantly impacted financial inclusion, giving the underbanked access to a variety of new products and services all enabled by real-time payments.

Keywords: innovation; financial inclusion; real-time payments (search for similar items in EconPapers)
JEL-codes: E5 G2 (search for similar items in EconPapers)
Date: 2019
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Persistent link: https://EconPapers.repec.org/RePEc:aza:jdb000:y:2019:v:3:i:3:p:250-259

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