Aspect | Impact | Examples/Data |
Accessibility | Improved accessibility to financial services, boosting economic vitality. | World Bank data: 70% of adults globally have at least one financial service, up from 50% a decade ago. |
Innovation | Introduction of new financial tools like cryptocurrencies, enhancing trust and transparency. | CoinDesk: Bitcoin’s transaction volume has grown by over 300% in the past five years. |
Inclusivity | Enables underserved populations to access financial services, enhancing societal inclusivity. | UN report: Mobile payment users in Africa grew by over 200% in the past five years. |
Globalization | Facilitates cross-border transactions, connecting people worldwide, and promoting globalization of social capital. | Statista: Global cross-border e-commerce transactions increased by over 150% in the past five years. |