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McKinsey release a new report supporting FundsTiger mission of “Democratization of Finance”. The report is named – DIGITAL FINANCE FOR ALL: POWERING INCLUSIVE GROWTH IN EMERGING ECONOMIES
It says that Finance is the New Frontier. Digital Finance can boost Indian GDP by 11.2% and add up to $2.1 Trillion to the overall Loan Availability in emerging economies.
Here is the Summary of Executive Summary of the Digital Finance Report for your benefit:
Think of how many more small businesses might expand if they had access to credit. Picture the smallholder farmers who can finally get loans to buy the seeds, fertilizer, and farming tools needed to improve crop yields and boost incomes. And imagine, too, the enormous new business opportunities for small businesses, banks, telecoms companies, fintech players, retailers, or any company that harnesses the low costs of transacting digitally to serve a much broader customer base of individuals and businesses profitably.
Direct Link of McKinsey Site for Downloading of Full Report