FinTech in Sub-Saharan African Countries : A Game Changer?

Author/Editor:

Amadou N Sy ; Rodolfo Maino ; Alexander Massara ; Hector Perez-Saiz ; Preya Sharma

Publication Date:

February 14, 2019

Electronic Access:

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Disclaimer: The views expressed herein are those of the author(s) and do not necessarily represent the views of the IMF, its Executive Board, or IMF management.

Summary:

FinTech is a major force shaping the structure of the financial industry in sub-Saharan Africa. New technologies are being developed and implemented in sub-Saharan Africa with the potential to change the competitive landscape in the financial industry. While it raises concerns on the emergence of vulnerabilities, FinTech challenges traditional structures and creates efficiency gains by opening up the financial services value chain. Today, FinTech is emerging as a technological enabler in the region, improving financial inclusion and serving as a catalyst for the emergence of innovations in other sectors, such as agriculture and infrastructure.

Series:

Departmental Paper No. 19/04

Subject:

English

Publication Date:

February 14, 2019

ISBN/ISSN:

9781484385661/2616-5333

Stock No:

FTSSACEA

Format:

Paper

Pages:

61

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