Still, there are inevitably differences of degree in terms of the scale of coordination within the EU relative to that achievable through global institutional frameworks. Let us see if some intermediate-level arrangements between the UK and the EU will be delivered through the upcoming EU-UK negotiations.
The major barriers cited to expand appropriate services to poor by financial service providers are the lack of reach, higher cost of transactions and time taken in providing those services. The existing business model does not pass the test of convenience, reliability, flexibility and continuity. So, what has changed now? It is not correct to surmise that banks were uninterested in increasing penetration.