Campaigners have for years been battling to get the world’s poor better access to banking, arguing that something as simple as setting up a bank account and, better yet, providing credit can be the most effective tools to help people rise out of poverty.
But thanks to a rare confluence of technological innovations and new pushes in countries such as India, those efforts to encourage what the professionals call “financial inclusion” might finally be paying off.
In a report looking at both the progress made and the government policies being adopted around the developing world, researchers at the Brookings Institution in Washington argue that after years of work that may just be the case.
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