Financial inclusion requires higher literacy rates, use of tech in daily life

Financial inclusion requires higher literacy rates, use of tech in daily life: The success of Egypt’s financial inclusion policy hinges on raising literacy rates and the degree to which people embrace technology, Dina Abdel Fattah writes for Amwal Al Ghad. While internet banking and e-payments are on the rise, the majority of payments in Egypt are still cash, which suggests that there is simply a lack of demand for digital solutions despite their widespread availability, she says. Abdel Fattah urges the telecoms sector to step up and begin nudging people towards going digital in more of their transactions by raising awareness on the simplicity of technology.