AIF director of strategy, policy development and research Jaya Kohli: "Banks should invest in cashless infrastructure to cater to small businesses".
KUALA LUMPUR: Banks should invest in cashless infrastructure to cater to small businesses as they currently focus on high-income segments, based on a study done by the Asian Institute of Finance (AIF).
“This means development of new cashless products and services that meet the limited investment budgets and current infrastructure of small retail businesses,” AIF director of strategy, policy development and research Jaya Kohli said in a statement on the release of two AIF reports.
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