Short Summary: This video summarizes India’s reforms to digitize and transform the cooking gas subsidy from an in-kind to a cash transfer program. It shows why low-income households could not adopt LPG adequately and offers solutions to increase the use of LPG in the country.
Non-cash payment helps promote financial inclusion in Vietnam
Only 31% of all adults in Vietnam own a bank account, compared to 69% of adults in East Asia and the Pacific. This video reflects how mobile phones, internet users, and digital financial services (DFS) can increase access to basic banking services in Vietnam.
The rise of digital payments and online shopping in Vietnam amid Covid-19 pandemic
Despite remarkable progress toward digital financial inclusion, cash still accounts for 90% of transactions in Vietnam. The onset of COVID-19 saw restricted mobility, concerns over cash exchange, and increased demand for online shopping, digital payments, and delivery services. This video shares a glimpse of this change.
Digital transformation for financial institutions- Opportunity and impact
Digital transformation offers financial institutions better efficiency, more customers, and greater profits. It can also provide an edge to the post-COVID recovery of organizations. Here’s how Equity bank transformed itself and increased profitability in the face of various adversities.