CPMI and World Bank say transaction accounts are key to financial inclusion

World Bank/CPMI report: transaction accounts are the key to opening up financial inclusion

Transaction accounts are the key to opening up financial inclusion and policy-makers have a range of options available to them to increase their usage, the Committee on Payments and Market Infrastructures (CPMI) and World Bank said in a report published on September 9.

Transaction accounts could be anything from a traditional bank account to a mobile payments platform such as M-Pesa, so long as they facilitate electronic transactions, the report said. Opening such an account is an important firs

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