The Promise of Fintech: Financial Inclusion in the Post COVID-19 Era
July 1, 2020
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
Technology is changing the landscape of the financial sector, increasing access to financial services in profound ways. These changes have been in motion for several years, affecting nearly all countries in the world. During the COVID-19 pandemic, technology has created new opportunities for digital financial services to accelerate and enhance financial inclusion, amid social distancing and containment measures. At the same time, the risks emerging prior to COVID-19, as digital financial services developed, are becoming even more relevant.
Subject: COVID-19, Financial inclusion, Financial markets, Financial services, Fintech, Health, Mobile banking, Technology
Keywords: COVID-19, credit market, DP, DPPP, Financial inclusion, Fintech, Fintech companies in the United States, Fintech company, fintech lender, Global, Mobile banking, payment service, supervised fintech company, use of big data
Pages:
83
Volume:
2020
DOI:
Issue:
009
Series:
Departmental Paper No. 2020/009
Stock No:
PFFIEA
ISBN:
9781513512242
ISSN:
2616-5333




