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Focus more on the clients as financial inclusion grows
Customers at a banking hall in Nairobi. FILE PHOTO | NMG
As one of the many definitions of financial inclusion, the World Bank defines the term as whereby, “individuals and businesses have access to useful and affordable financial products, which meet their needs (transactions, payments, savings, credit and insurance) and are delivered in a responsible and sustainable way”.
The banking sector in Kenya has experienced rapid growth in customer numbers in the last decade, as financial inclusion became a part and parcel of everyday life.