According to an feature story published on November 11, 2013 by the World Bank Group ,”Low-income populations benefit the most from technological innovations such as mobile payments, mobile banking, and borrower identification based on fingerprinting and iris scans, according to a new World Bank Group report.
That’s because those innovations make financial services cheaper and easier to access for the poor, women, and rural residents, especially those living in remote, less populated regions without brick-and-mortar bank branches, according to the report, Global Financial Development Report 2014: Financial Inclusion.”
You may read the feature story on the News page of the World Bank internet site.
You may download the Global Financial Development Report 2014: Financial Inclusion from the Data & Research page of the World Bank internet site.