New Delhi, June 14 -- For an economy to thrive, financial inclusion must be seen as a crucial pillar. It safeguards the interests of all consumer segments and is inclusive of all demographics. Technological innovations in financial inclusion help reduce the exploitation of the credit-invisible strata. Traditionally unorganised channels have become even more critical in a post-Covid world. It has been sensitizing people to all kinds of financial uncertainties and lending during necessities.

Consumers are becoming increasingly digitally savvy. In today's world, which is in a state of flux and continuous metamorphosis, they use ride-sharing apps to work. They order lunch on their smartphones, stream movies and shop for clothes online. Addit...