#FinancialInclusionMyth Buster – Increase in number of Smart Phones in a Country is not Directly Proportional to Financial Inclusion that a country may achieve. Well it may assist as a tool. We need to See what is the “Purpose for which Smart Phones are being used by people who are Financially Excluded”. -> Plus their #Savings are Less, they are #Afraid to speak with Bank staffs even if they loose money (most of them but not all), and for them even a small #Currency denomination matters a Lot, so they can not afford to #Experiment with new technology unless Sure. Apart from Calling, Smart Phones are Majorly used for ; – Songs – Movies – Games etc by these people. I have read reports and interpretations stating the opposite.