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

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

July 1, 2020

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Format: Chicago

Ratna Sahay, Ulric Eriksson von Allmen, Amina Lahreche, Purva Khera, Sumiko Ogawa, Majid Bazarbash, and Kimberly Beaton. The Promise of Fintech: Financial Inclusion in the Post COVID-19 Era, (USA: International Monetary Fund, 2020) accessed December 30, 2024

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

Publication Details

Pages:

83
Volume:

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DOI:

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Issue:

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Series:

Departmental Paper No. 2020/009
Stock No:

PFFIEA
ISBN:

9781513512242
ISSN:

2616-5333

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