https://www.taxtmi.com/news?id=12389 Financial inclusion should be advanced by enabling low cost payments, simple savings and insurance, and scalable credit through technology and facilitative regulation. Reforming KYC to permit simplified basic accounts and trusted third party reliance, coupled with robust transaction monitoring and velocity checks, can expand safe access. Bank led mobile banking, interoperable wallets and business correspondents, Payment Banks, and automated trade receivables platforms can lower transaction costs, build information for credit access, and require parallel consumer protection and financial education measures. en-us Wed, 12 Feb 2014 14:14:31 +0530 Wed, 12 Feb 2014 14:14:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=12389 Financial inclusion should be advanced by enabling low cost payments, simple savings and insurance, and scalable credit through technology and facilitative regulation. Reforming KYC to permit simplified basic accounts and trusted third party reliance, coupled with robust transaction monitoring and velocity checks, can expand safe access. Bank led mobile banking, interoperable wallets and business correspondents, Payment Banks, and automated trade receivables platforms can lower transaction costs, build information for credit access, and require parallel consumer protection and financial education measures. News - Wed, 12 Feb 2014 14:14:31 +0530 https://www.taxtmi.com/news?id=12389