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

Author

Listed:
  • Kapron, Zennon

    (Managing Director, Kapronasia Shanghai, China)

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.

Suggested Citation

  • Kapron, Zennon, 2019. "Financial inclusion accelerated: How real-time payments are bringing millions into the economic fold," Journal of Digital Banking, Henry Stewart Publications, vol. 3(3), pages 250-259, February.
    • Handle: RePEc:aza:jdb000:y:2019:v:3:i:3:p:250-259
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    More about this item

    Keywords

    innovation; financial inclusion; real-time payments;
    All these keywords.

    JEL classification:

    • G2 - Financial Economics - - Financial Institutions and Services
    • E5 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit

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