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Promoting Inclusive Financial Services to Build a Fully Connected, Digital World (By Li Xianhui)
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Promoting Inclusive Financial Services to Build a Fully Connected, Digital World (By Li Xianhui)
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Why Citizens of Developing Nations Need Better Remittance Services
Apr 21 2021 · 11:57 UTC | Updated
7 hours ago
Photo: Bococoin
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Many citizens from developing nations are working abroad to improve the quality of their lives and support their families. At the same time, financial institutions are using them to take huge cuts from their remittance payments.
It’s a common practice among citizens of developing nations to remit money back home to help and support their families.
According to the World Bank’s estimates, remittance flows to low and middle-income countries are projected to reach $470 billion in 2021, even with a 7.5% decline from last year.
[December 30, 2020]
Expands its all India branch network to 601
BANGALORE, India, Dec. 30, 2020 /PRNewswire/ Jana Small Finance Bank today digitally inaugurated 18 bank branches in Maharashtra that is dedicated to financial inclusion and is serving the underbanked customers. The bank has been successfully serving the financial inclusion segment over 20 years and now focusing on expanded product range after converting to a scheduled commercial bank.
With the conversion of its asset centers to bank branches, Jana Bank s presence in Maharashtra will reach 70 and 601 all India. Maharashtra is the second highest of the 22 states where the bank has a presence. Staying true to their promise of paise ki kadar , Jana Bank values the hard-earned money of its customers and is all set to increase its footprint across rural India.