How can financial services reduce poverty in Asia?

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Published Jan 18, 2019, 12:31 PM

More than 1 billion people in Asia do not have access to bank or financial services. IMF estimates that poverty in Asia could fall by around 20 million people if all Asian countries have better access to such services. Damien Wong, Vice President and General Manager for Asian Growth & Emerging Markets at Red Hat, explains how open banking can foster financial inclusion in the region and why businesses should care.

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