According to World Inequality Lab (WID) data, the United States has become the most unequal country, surpassing in 2007 the inequality peak recorded in 1928. The ‘superrich’ of the US, or the group of people belonging to the top 1% of income in the US, now hold 20% of the country’s national income up from 11% of the national income in 1980.
As such, digitalization is making a substantial contribution to enhancing financial inclusion, although its full potential in this regard has yet to be realised. Over the last decade Kenya has been a global pioneer in the adoption of digital technologies to transform the nature of financial services.