Shaping the future of banking: Making your financial future a reality

There is a very real opportunity now to narrow the income inequality gap by helping lower-income groups to better manage their money.
There is a very real opportunity now to narrow the income inequality gap by helping lower-income groups to better manage their money.ST PHOTO: KUA CHEE SIONG

Income inequality is widening across the world with rapidly ageing populations and the pandemic exacerbating the situation.

Low-income groups tend to be highly dependent on deposit savings, which leaves them vulnerable to inflation, especially when interest rates are low.

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