Local institutions, including banks, are increasingly using digital platforms to grow their businesses.

Last week, the Division of Finance and the Economy’s Financial Literary Secretariat held a breakfast meeting themed, ‘The Mobile Banking and Payment Revolution: Strengthening Financial Inclusion, Trust and Protection in an Increasingly Digital World.’

The event is part of the Division’s Finance Month and informs attendees, including business owners and entrepreneurs, on financial trends, empowering them to make sound financial decisions.

Mobile banking continues to increase worldwide due to benefits such as rapid transactions and the ability to conduct business remotely. The annual event was held at the Magdalena Grand Beach and Golf Resort.