Arab Financial Inclusion Day 2021

April 27th

 

The importance of financial inclusion:

  1. Enabling the groups who are not included in banking services to obtain cash management services through digital wallets.
  2. Reducing time, effort, and cost for the buyer to complete the purchase.
  3. Reducing the time, effort, and cost for the seller to complete the sales process.
  4. Facilitating the communication and commercial transactions between the seller and the buyer.
  5. Activating the financial markets by increasing the number of beneficiaries of digital financial services.
  6. Raising the the efficiency of financial auditing processes and verifying financial movements, depending on the history of financial services automatically recorded with both parties of commercial transactions.
  7. Imposing greater control on commercial transactions and ceasing the leakage of funds outside the legitimate commercial environment.