UNGA President praises India for reducing poverty by 800 million using smartphones for digital banking.

UNGA President Dennis Francis praised India for lifting 800 million people out of poverty within 5-6 years, largely through the use of smartphones for digital banking services. Francis highlighted India's rapid development initiatives and emphasized the need for an international financial architecture revision due to existing systems being created decades ago in a different global context. He used India as an example of how technology and innovation can transform lives in developing countries.

August 01, 2024
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