How prepaid cards in Transportation can drive Financial Inclusion
Municipalities and banks strive to extend financial services to underserved populations, the digitalisation of public transportation and the introduction of prepaid cards have emerged as powerful tools for driving financial inclusion. Prepaid instruments present banks with innovative pathways for revenue generation in automated fare collection. By integrating prepaid cards into public transit systems, cities can enhance accessibility to transportation services while simultaneously providing unbanked individuals with a gateway to financial inclusion.