For many low-income families worldwide, education can be out of reach. Mobile money and digital financial services have the potential to help families by providing them with better tools that can help them save, plan and make education payments.
Worldwide, 124 million children between the ages of 6 and 15 are not in school. While financial inclusion cannot solve the many complex reasons all children are not in school, better financial tools can help families manage educational expenses.
Rapid “digitization” of business and investment in financial technology have the potential to significantly improve access to finance for millions of micro, small, and medium enterprises worldwide, yet challenges remain. Can FinTech solve the access to finance problem for MSMEs?