Overview
Financial innovations in developing economies play a crucial role in enhancing economic growth and improving the quality of life for many individuals. By providing access to financial services like microfinance, mobile banking, and crowdfunding, these innovations empower people to start businesses, ...
Key Terms
Example: A microfinance institution offers small loans to women entrepreneurs in rural areas.
Example: Using a smartphone app to transfer money or pay bills.
Example: A startup raises funds through a crowdfunding platform to launch a new product.
Example: Cryptocurrencies like Bitcoin use blockchain technology for secure transactions.
Example: Programs aimed at providing banking services to underserved populations.
Example: Apps that help users manage their personal finances.