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⍰ ASK What is the primary goal of EMIs in terms of financial inclusion?

EMIs guarantee the availability of their offerings to people with restricted entry to traditional banking via initiatives for digital financial inclusion. They develop user-friendly mobile applications and digital platforms, ensuring that financial services can be easily accessed through smartphones. Furthermore, EMIs might incorporate streamlined onboarding procedures and adaptable identification criteria to cater to individuals who are not part of the banking system or have limited access to it. By harnessing technology and embracing inclusive approaches, EMIs strive to narrow the financial divide and offer convenient entry to electronic money services for a wider range of users.
 

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