The Future of Microfinance: Digital

The advent of the 21st century fostered increased internet connectivity across the globe, with internet usage gaining momentum every successive year; today it has turned into one of the most powerful and pervasive tools in the science and technological history of mankind. The indispensability of the internet as a communication medium for different utilities received a great boost by the recent pandemic which further accelerated the technological transformation across various sectors and made the ‘digital’ phenomenon truly omnipresent. The digital era knows no bounds and thus, adapting to the new normal, sooner than later, is the need of the hour for nations and enterprises across the globe.