IMF: The Promise of Fintech Financial Inclusion in the Post COVID-19 Era - July 2020

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Document Type: Reports and Assessments
Document Type: English
Publish Date: 1 July 2020 (3 years ago)
Upload Date: 27 April 2021 (3 years ago)
Downloads: 232

IMF: The Promise of Fintech Financial Inclusion in the Post COVID-19 Era - July 2020

Document Type: Reports and Assessments
Document Language: English
During the COVID-19 crisis, access to government electronic systems that are well integrated with digital financial services platforms such as fintech firms, mobile money companies, and digital banking are proving to be critical in providing wide-reaching policy support promptly and without physical contact. If they are not easily accessible or not well integrated, fiscal support announcements—no matter how large—will fail to reach those most vulnerable and needy. Thus, the fiscal response should go hand-in-hand with investment in digital infrastructure, and importantly promoting digital and financial literacy to ensure greater digital inclusion.

Sectors

  •  Livelihood & Social Stability
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