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Course Content
Digital Financial Tools & Application (Chapter-8) M1-R5.1/CCC
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Digital Financial Tools

               Digital financial services are accessed and delivered through digital channels, including payments, credit and saving, and so on. M-banking is the use of a mobile phone to access banking services and execute financial transaction. The government of India introduced new service sot move toward cashless economy.

               Digital financial tools expand the delivery of basic financial services to the people through new technologies like Internet, mobile phones and transfer of money through new digital channels. These channels have significantly driven down the costs for customers and service providers, opening the door to provide 24 hours service for 365 days.

               You define digital finance as financial services delivered over digital infrastructure, including mobile and Internet. Mobile phones, computers, or cards used over Point-of-Sale (POS) devices connect individuals and businesses to a digitized national payments infrastructure, enabling seamless transactions across all parties.

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