Digital Payments Deliver Global Financial Inclusion
Summary
Related content: Omlis recently produced an infographic that outlines the immense opportunity for social and financial inclusion with affordable smartphones.With increased access to smartphones at reasonable prices, data-rich information services like reading news online, watching videos, and social networking are now available to the global population.Providing completely secure, unique and uncompromised technology with 100% fault-tolerant tracking of all payments in real-time for full transaction accountability.Half of the working aged population of the world does not have a bank account, according to the World Bank, but the ITU (International Telecommunication Union) reported that about 90% of people in developing countries have a mobile phone subscription and 84% have a mobile broadband subscription.“Digital payment technologies can end financial inequality on a global scale by providing previously ‘unbanked’ populations with much needed financial services,” said Markus Milsted, CEO of Omlis.With increased access to smartphones at reasonable prices, data-rich information services like reading news online, watching videos, and social networking are now available to the global population.