Mobile Technology and Financial Inclusion

Mobile technology refers to the use of mobile devices, like smartphones, to access the internet and various applications. Financial inclusion means providing everyone, especially those underserved by traditional banks, access to financial services like saving, lending, and payments. Mobile technology facilitates this by enabling people to conduct financial transactions easily through apps, even in remote areas. This connection helps individuals manage their money, start businesses, and improve their livelihoods, ultimately contributing to economic development and reducing poverty.