Gluwa, a California-based fintech company, tackles financial exclusion by connecting banks with underserved markets through its decentralized platform. Over 80% of the world’s population lacks access to financial services. High costs and inadequate infrastructure hinder remote communities from accessing banking services, necessitating a new financial model. Gluwa's mission focuses on facilitating better access to formal credit options for these communities, essential for economic growth. Recent trends show increased adoption of digital payments, highlighting progress towards financial inclusion.
Gluwa's decentralized platform connects banks with emerging and underserved markets, addressing financial exclusion and providing access to formal credit options. Financial inclusion is essential for economic growth, empowering communities, and tackling poverty, with over 80% of the world's 1.4 billion people lacking financial services.
High costs and lack of infrastructure have created barriers to banking for remote communities, prompting the need for a new financial model that includes those overlooked by traditional systems.
Gluwa aims to better serve underserved communities by providing convenient access to credit, essential for economic development. Alan Kong emphasizes the importance of credit access for fostering growth in these economies.
Global Findex data indicates a positive trend in financial inclusion, particularly through the rise of digital payments, signaling progress in combatting financial exclusion.
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