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InnovationMicrofinance

Boosting microenterprises to enable financial inclusion

Microenterprises play an important role in emerging economies and their journey towards financial inclusion, but their growth has been hampered by a a funding gap of up to US$2 billion, according to the IFC.

Payment giant, Mastercard predicts

“… recent developments like rapid adoption of smartphones, growth in online commerce platforms, the digitization of small business processes, and enabling regulatory environments are reducing the longstanding hurdles to close this gap…” 

A short video just released by Mastercard shows how innovation can transform the possibilities for a microenterprise. Watch the clip below:

 

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