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ANEXT Bank, a digital wholesale bank based in Singapore and a subsidiary of Ant International, has reported a substantial increase in its micro, small, and medium enterprise (MSME) customer base. ANEXT Bank continues to focus on serving the underserved MSMEs.
A lack of access to credit and finance can cause issues for people worldwide, regardless of the countries they live in. Where the problem is felt most acutely, however, is generally in developing countries – so, now, we’re shining a spotlight on them, to see how they are approaching improving access to finance.
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Finance: Demand for contactless options accelerates digital adoption. Industry proponents have been making the case for telehealth for years, pointing to its potential to lower costs, ease pressure on overextended healthcare systems, and make care more accessible in rural and underserved areas. Online grocery. Enhanced e-commerce.
Transaction banking, which includes cash management and trade finance, has also been pivotal in driving growth and deepening client relationships across Asia. Open banking could drive significant advancements in financial inclusion across underserved markets.
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