Lower Fees Don’t Solve Financial Inclusion: The True Barriers Remain

While lower fees are a welcome development in the realm of financial inclusion, simply reducing transaction costs doesn’t address the deeper, systemic barriers preventing millions from accessing and benefiting from banking services. Financial inclusion requires more than just making traditional services cheaper; it demands dismantling the obstacles that restrict individuals’ ability to manage, control, and access their own funds. 💰 The real challenge lies in empowering users with genuine agency over their finances, not merely providing a cheaper version of existing systems.