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Today, online savings accounts have made life much easier. You can use your online savings account to complete financial transfers, buy various things, pay off bills, etc. all with a few clicks without even having to step out of your house. All you need is a stable internet connection and a laptop or smartphone to …

The financial industry has undergone several changes in recent years: the emergence of new technologies, the entry of fintechs, and the transition from a physical branch- based business model to an increasing reliance on digital services. These trends can foster competition and the democratization of financial services. In our recent working paper, we investigate how the …

Despite improvement over the last decade, financial inclusion in the Middle East and North Africa (MENA) region remains relatively low. According to the Global Findex, only 53% of adults in MENA have an account (including mobile money) as of 2021, up from 38% in 2011. By comparison, the same headline indicator for Sub-Saharan Africa in 2021 stood …

What is a Microfinance Loan? Microfinance loans are a type of lending that help people who haven’t been able to use regular banks before. They are often given to small businesses or low-income families who need money to start or grow their businesses. In India, where many people don’t have access to traditional banking, microfinance …