Daily life is made easier by having access to money, which also helps families and businesses prepare for everything from long-term goals to unexpected emergencies. Having access to a transaction account is the first step toward greater financial inclusion because it enables people to keep money and send and receive payments.
A transaction account acts as a doorway to other financial services.
Account holders are more likely to use additional financial services like credit and insurance to launch and grow enterprises, invest in their health and/or education, manage risk, and recover from financial setbacks, all of which can enhance their overall quality of life.