Digital Financial Services

Digital Financial Services (DFS) refer to financial activities that occur online or through mobile devices. This includes services like online banking, mobile payments, digital loans, and investment platforms. DFS can enhance financial development by making financial tools more accessible to people, especially in underserved areas. It allows for quicker, cheaper, and more efficient transactions, fostering economic growth. By leveraging technology, DFS helps individuals and businesses manage money, save, and invest, ultimately improving financial literacy and inclusion within communities.