The product caters to the needs of rural mass markets, economically weaker sections of the society and would help the bank in providing insurance
solutions for financial inclusion.
«We are excited by the prospects of launching a token that can be a game - changer for the state of play
for the financial inclusion of the region's emerging marketplace.
Dr Mark Hon, Co-founder of Dropfoods and Sugar Ventures, commented: «We are excited by the prospects of launching a token that can be a game - changer for the state of
play for the financial inclusion of the region's emerging marketplace.
This is part of requests from the G20 leaders to look into the digitalization of the economy and what it means for
growth for financial inclusion and, of course, for stability of the financial system.
Moreover, there is increasing recognition that the health of sectors, such as banking, depend upon there being a diversity of ownership forms, in order to balance risk with stability, short term with long term decision - making and to
provide for financial inclusion.
The Prime Minister had last year on August 15 launched the
PMJDY for financial inclusion to ensure that each family would have at least two bank accounts.
Among the themes of his speech, McHenry talked about the
need for financial inclusion, citing a statistic that counties with less than 100,000 in population saw... Read More
«We recognise that blockchain technology that lies beneath the virtual currencies has a potential
benefit for financial inclusion and enhancing the efficiency of the financial system.
Also speaking at the event was the CBN Director for Banking and Payments, Dr. Dipo Fatokun who stated that the Central Bank of Nigeria is excited about the opportunities and prospects that comes with blockchain technology,
especially for financial inclusion.
He currently serves on the Board of ACCION International, the Advisory Board of the
Center for Financial Inclusion and the Council of Global Advisors, Yale School of Management.