Bank the Unbanked - Financial inclusion
Bank the unbanked is a major step towards inclusive economic growth. It helps in the overall economic development of the underprivileged population. Financial inclusion improves income and increase savings thus enabling the previously underserved to invest in necessities such as healthcare, education, food, growing their business, and managing financial risk.
The government also benefits when all citizens are connected, the velocity of money and economic activity is increased, and transmission mechanisms efficiently execute monetary policy.