Author: fiaglobal

Build the largest outreach to unserved geographies for efficient delivery of services Develop an ecosystem of strategic alliances for activating grass-root innovations Grow a diverse network of micro-entrepreneurs enabling their families to live with dignity Visit Us- https://fiaglobal.com

FIA Global: Where transactions transform lives

Millions of people remain trapped in a cycle of poverty that is very difficult to escape. About 1.7 billion people worldwide are excluded from formal financial services, such as savings, payments, insurance, and credit. In developing economies, only 63 percent of adults have an account. Nearly one billion are still left out of the formal financial system, and there is a 9 percent gender gap in financial inclusion in developing economies. Financial exclusion plays a  significant part in this cycle. FIA global aims at bridging this gap and serving this neglected sector.

FIA global strives to make honest efforts to reach the unbanked population. Our goal is to lend the low-income strata, access to affordable financial services and products without them ever having to set foot in a bank. Most poor households operate mostly through a cash economy. This implies that they have to save in the form of cash, or physical assets, like livestock or jewellery.  Now cash gets spent, animals die, and jewellery can be lost or stolen. Furthermore, these forms of savings earn no interest and can actually lose value over time. These people have to face immense hardship when they need to send money to family or others. They have to rely on couriers or friends who carry cash by bus, which is expensive, insecure, and slow. To borrow money in an emergency, they have no choice but to turn to moneylenders who charge exorbitantly high interest rates. Without formal financial and credit histories, people are also cut off from potentially stabilizing and uplifting opportunities like building credit or getting a loan to start a business.

FIA Global’s strategy is to help drive the development of digital payment systems. This can lead to widespread use of digital financial services quickly and result in accelerated progress for the poor.  The objective of our banking correspondent services is to aim for digital financial inclusion and support that facilitate growth in digital financial services and provide oversight and accountability. We also make people get acquainted with other livelihood models. We work tirelessly at developing effective last-mile distribution network, technology for mobility and online payment solutions, to encourage economic and social inclusion.

 

FIA, And Why You Want It

An Introduction to FIA

FIA has recently become one of the most famous types of Cashless Payment services in the world, and the sole reason for this is the set of awesome services that they provide to their customers. One of the most amazing things about FIA is the fact that they have one of the best distribution and payment networks in the entirety of Asia, and the fact that they have managed to optimize their network to be used by companies and individuals who operate in the more rural parts of Asia undoubtedly makes them one of the most useful and popular types of online payment services to be operating in Asia.

FIA And Its Partnerships

Another one of the facts that makes them one of the most popular online payment and financial services to be operating in Asia is the fact that FIA has some of the most lucrative partnerships in Asia. Over time, as they have become very successful in the online payment services field, they have only increased the number of partnerships that they have.

While not many people realize this, the more the partnerships, the more the number of services that they can provide to their customers and users. More relationships with banks mean that FIA will be able to provide a greater number and quality of financial services to their customers, while more with area-specific Telecom and Travel services would mean that they would be able to offer lots of discount and booking services to their customers at the same time, only increasing the total utility of using them as  payment and financial service.

Conclusion

Thus, one realizes that using FIA as a payment service can only help one, and indeed there are no demerits to using them, as one will only find the vast number of benefits.