Thanks to the versatility of information technology, innovation is giving us the hope that new business models like Banking Correspondents (BCs), innovative payment devices, Unique Identification number allocation etc. will enable us to achieve financial inclusion, while addressing some of the cost and beneficiary identification issues.
(2018), Discussion of Cavallo, A., Jackson Hole Symposium 2018. 15 See Nevo, A. and Wong, A. (2018), “Measuring inflation in the modern economy – a micro price-setting view”,  ECB Forum on Central Banking. 5/5  BIS central bankers' speeches