Nepal's Fintech Revolution - Financial Inclusion for Nepalese

Nepal's Fintech Revolution - Financial Inclusion for Nepalese

Discover Nepal's incredible journey from a cash-based society to a digital finance leader! This video by Alpha Business Media dives deep into how fintech is transforming lives, especially for those previously excluded from traditional banking.

What you'll learn:
The Challenge: Explore the massive financial exclusion in Nepal, caused by rugged terrain and a significant urban-rural and gender divide, leaving millions without basic financial services.
The Paradox: Understand why simply opening bank accounts wasn't enough, leading to dormant accounts and a critical gap between access and usage.
The Solution: See how fintech innovators bridged this gap by adding a convenience layer to existing systems, making financial services accessible and useful.
Digital Payment Boom: Witness the explosion of digital payments, driven by pioneers like eSewa and Khalti, and a powerful public-private partnership creating a unified QR standard and network (PhonePe).
Digital Lending: Learn how digital transactions create data trails, paving the way for innovative digital lending platforms (like PhoneLoan) that use "digital collateral" to provide credit to those without traditional assets.
Future Hurdles & Opportunities: Explore the remaining challenges, including financial and digital literacy gaps, infrastructure issues, and the crucial need for trust and data security. Discover Nepal's unique "leapfrog opportunity" to become a global leader in AI-powered inclusive digital finance.

Join us to understand how Nepal is building a financially accessible future for everyone!

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