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Financial inclusion accelerated: How real-time payments are bringing millions into the economic fold
Journal of Digital Banking,
3
(3),
250-259
(2019)
Abstract
When real-time payments were first launched, the potential impact on the financial industry was not very clear. Today, banks have developed new business models and innovation to leverage value for their customers. Real-time payments have also significantly impacted financial inclusion, giving the underbanked access to a variety of new products and services all enabled by real-time payments.
Keywords: innovation; financial inclusion; real-time payments
The full article is available to subscribers to the journal.
Author's Biography
Zennon Kapron is the Founder and Director of Kapronasia, one of Asia’s leading providers of research and consulting services focusing on the financial industry and financial technology. He has been involved in the financial technology industry for over 20 years and covers all topics of financial technology and digital currency. Before Kapronasia, he was the Global Banking Industry Manager for Intel, based out of Shanghai, China; and prior to Intel, he was the Chief Information Officer of Citigroup Portugal. He has testified before the U.S. Congress on issues of China FinTech and is the author of ‘Chomping at the Bitcoin: The History and Future of Bitcoin in China,’ published by Penguin. He holds a bachelor’s degree in Computer Science from Syracuse University and an MBA from INSEAD.
