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Digital finance also offers major technological and infrastructure challenges. Sparse populations, inconsistent network coverage, insufficient capital for building new business models and customers lack of trust and comfort with technology can stand in the way of success, particularly in remote or undeserved communities.

India is making rapid strides in digital finance

In contrast to digital financial systems, physical channels are prohibitive for even low-income populations.

24 July 2019 1:55 AM IST