Financial technology is not only making processes quicker in developed countries such as the U.S. however, it also benefits underdeveloped countries like Rwanda and India. In Rwanda specifically, the article states that they have one of the fastest-growing economies in sub-Sahara Africa. In combination to its policies which support businesses and financial technology, business is more fluid than it has ever been. In this type of environment, it is very clear as to how financial technology aides and expedites financial processes. With the financial technology, individuals do not have to walk somewhere to perform financial transactions. Apparently Rwanda’s goal is to be a cashless economy. This is possibly the direction that many other countries will head into in the future, not just businesses but also consumers. In addition, India is moving to be a cashless economy, but their reason is to fight corruption, fraud, and illegal cash holdings. Their Prime Minister stated that debit and credit cards, ATM machines, and POS systems would be irrelevant by 2020. Instead, their apps called Bhim would be used to transfer money between users. This app would be linked to the Aadhar app, which is a unique identification program to incorporate thumbprints. <\/p>\n
Link: http:\/\/www.newtimes.co.rw\/section\/article\/2017-02-07\/207756\/<\/a><\/p>\n","protected":false},"excerpt":{"rendered":" Financial technology is not only making processes quicker in developed countries such as the U.S. however, it also benefits underdeveloped countries like Rwanda and India. In Rwanda specifically, the article states that they have one of the fastest-growing economies in sub-Sahara Africa. In combination to its policies which support businesses and financial technology, business is … Continue reading Financial Tech in Rwanda and India<\/span><\/a><\/p>\n","protected":false},"author":1824,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"qubely_global_settings":"","qubely_interactions":"","kk_blocks_editor_width":"","_kiokenblocks_attr":"","_kiokenblocks_dimensions":"","footnotes":""},"categories":[1],"tags":[],"class_list":["post-1566","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"gutentor_comment":2,"qubely_featured_image_url":null,"qubely_author":{"display_name":"ayfurtado","author_link":"https:\/\/blogs.scu.edu\/finis\/author\/ayfurtado\/"},"qubely_comment":2,"qubely_category":"Uncategorized<\/a>","qubely_excerpt":"Financial technology is not only making processes quicker in developed countries such as the U.S. however, it also benefits underdeveloped countries like Rwanda and India. In Rwanda specifically, the article states that they have one of the fastest-growing economies in sub-Sahara Africa. In combination to its policies which support businesses and financial technology, business is…","post_mailing_queue_ids":[],"_links":{"self":[{"href":"https:\/\/blogs.scu.edu\/finis\/wp-json\/wp\/v2\/posts\/1566","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blogs.scu.edu\/finis\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blogs.scu.edu\/finis\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blogs.scu.edu\/finis\/wp-json\/wp\/v2\/users\/1824"}],"replies":[{"embeddable":true,"href":"https:\/\/blogs.scu.edu\/finis\/wp-json\/wp\/v2\/comments?post=1566"}],"version-history":[{"count":2,"href":"https:\/\/blogs.scu.edu\/finis\/wp-json\/wp\/v2\/posts\/1566\/revisions"}],"predecessor-version":[{"id":1568,"href":"https:\/\/blogs.scu.edu\/finis\/wp-json\/wp\/v2\/posts\/1566\/revisions\/1568"}],"wp:attachment":[{"href":"https:\/\/blogs.scu.edu\/finis\/wp-json\/wp\/v2\/media?parent=1566"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blogs.scu.edu\/finis\/wp-json\/wp\/v2\/categories?post=1566"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blogs.scu.edu\/finis\/wp-json\/wp\/v2\/tags?post=1566"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}