Ladies and Gentlemen, With respect to technological advances, digital technologies are important for inclusion, as they enable innovative and lower-cost business models for providing financial services, making it viable 2  to reach the poor. About 260 million unbanked adults in the developing world receive private sector wage payments in cash.
Switching to digital payments could potentially save significant time and resources for businesses and workers alike. Likewise, agricultural payments present another chance to expand access to the formal financial system, as roughly 440 million unbanked adults in the developing world are paid in cash for farm goods.