Lack of innovation and variety in product features to serve different income structures and customer requirements is one of the major constraints to increasing financial access in Nepal, a report prepared by Making Access Possible (MAP), Nepal, has said.
MAP Nepal is an initiative under the Access to Finance programme implemented by the Nepal Rastra Bank (NRB) and funded by the Danish government, Department for International Development (DFID) of the United Kingdom and the United Nations Capital Development Fund (UNCDF).
“The country has a large number of financial service providers but their financial product offerings are homogeneous,” the report entitled “Financial inclusion Roadmap 2017-22” states.
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Source: Katmandu Post