The surge in new digital banking accounts opened during the pandemic is expanding access for millions of people and small businesses to a range of financial tools, including digital payments, loans, insurance, and savings accounts, Michael Schlein, CEO of Accion, an impact investor focused on financial inclusion, wrote. “These are the tools of resilience, and if we focus on empowering the most vulnerable people to access and use these tools, we can build a truly inclusive and effective economic recovery that opens economic opportunity for all,” he added.
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