Corona and a surge in digital payments “1 out of 3”

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Corona and a surge in digital payments “1 out of 3”

The Corona pandemic has stimulated financial inclusion, prompting a significant increase in digital payments amid the global expansion of formal financial services. This expansion created new economic opportunities, closed the gender gap in account ownership and helped build resilience at the household level to improve the management of financial shocks, as shown by the Global Financial Inclusion Index 2021 database. As of 2021, 76 percent of ad…