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

ByRatna Sahay, Ulric Eriksson von Allmen, Amina Lahreche, Purva Khera, Sumiko Ogawa, Majid Bazarbash, Kimberly Beaton

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:
https://doi.org/10.5089/9781513512242.087
Issue:
009
Series:
Departmental Paper No. 2020/009
Stock No:
PFFIEA
ISBN:
9781513512242
ISSN:
2616-5333

Loading component...

IMF’s Work

RESOURCES

TOPICS

Flagship Publications

Other Publications

IMF reports and publications by country

Regional Offices

All News

See Also

For Journalists

Press Center

RESOURCES

FLAGSHIPS

KEY SERIES

IMF NOTES

Loading component...

Departmental Papers