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Technology can accelerate financial inclusion for persons with disabilities, finds Mastercard study

Technology can accelerate financial inclusion for persons with disabilities, finds Mastercard study

  • Persons with disabilities consider 28% of banks in developed countries, and between 8% and 64% of banks in some emerging economies, to be inaccessible
  • Financial exclusion of persons with disabilities leads to lower educational attainment and employment rates
  • Financial inclusion for persons with disabilities involves reducing the gap in smartphone ownership, mobile internet usage, and digital literacy
  • Case studies show that adoption of digital methods tailored to include people with determination can enhance their financial inclusion and financial independence
  • The emerging technologies of the Fourth Industrial Revolution have the potential to make financial services more accessible for this segment
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