Publication
How can fintech serve the unbanked in Sub-Saharan Africa?
| Summary: | Sub-SaharanAfrica(SSA)isthegloballeaderinmobile-moneyinnovation,adoptionandusage.However,itisalsooneoftheregionswiththelargestunbankedpopulation,sotherearestillmanypeopletoserve.Digitaltechnologiesmayreducethispopulationbypartneringwithincumbentfinancialservices,helpinginachievingtheWorldBank’sgoaloffullfinancialinclusionby2020,bycreatingnewdigitalproductsthattrulysolvethepoorestpopulations’problems.FintechmayleveragethewidespreadsmartphoneadoptiontoofferfinancialservicesinSub-SaharanAfrica.However,governmentsmustreducebarrierstoimprovefinancialinclusionthrougheconomicdigitalization. |
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| Main Authors: | Castro, Cláudia Sofia Pais |
| Subject: | History Partnerships Unbanked Inclusion |
| Year: | 2020 |
| Country: | Portugal |
| Document type: | master thesis |
| Access type: | open access |
| Associated institution: | Universidade Nova de Lisboa |
| Language: | English |
| Origin: | Repositório Institucional da UNL |
| Summary: | Sub-SaharanAfrica(SSA)isthegloballeaderinmobile-moneyinnovation,adoptionandusage.However,itisalsooneoftheregionswiththelargestunbankedpopulation,sotherearestillmanypeopletoserve.Digitaltechnologiesmayreducethispopulationbypartneringwithincumbentfinancialservices,helpinginachievingtheWorldBank’sgoaloffullfinancialinclusionby2020,bycreatingnewdigitalproductsthattrulysolvethepoorestpopulations’problems.FintechmayleveragethewidespreadsmartphoneadoptiontoofferfinancialservicesinSub-SaharanAfrica.However,governmentsmustreducebarrierstoimprovefinancialinclusionthrougheconomicdigitalization. |
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