How Fintech is Reaching the Poor in Africa and Asia : A Start-Up Perspective

How Fintech is Reaching the Poor in Africa and Asia : A Start-Up Perspective

This note explores the way traditional banks and financial technology companies, or Fintech’s, interact in Africa and Asia, and their ability to offer innovative digital financial services that grant unbanked individuals access to financial transac...

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Bibliographic Details
Main Authors: Alexander, Alex J., Shi, Lin, Solomon, Bensam
Format: Brief
Language:English
Published: International Finance Corporation, Washington, DC 2018
Subjects:
FINTECH
FINANCIAL TECHNOLOGY
POVERTY
DIGITAL FINANCE
FINANCIAL SERVICES
ACCESS TO FINANCE
MOBILE BANKING
FINANCIAL INCLUSION
EMERGING MARKET ECONOMIES
BANKING SYSTEM
BIG DATA
Online Access:http://documents.worldbank.org/curated/en/832341492592362552/How-Fintech-is-reaching-the-poor-in-Africa-and-Asia-a-start-up-perspective
http://hdl.handle.net/10986/30360
id okr-10986-30360
recordtype oai_dc
spelling okr-10986-303602021-05-25T10:54:41Z How Fintech is Reaching the Poor in Africa and Asia : A Start-Up Perspective Alexander, Alex J. Shi, Lin Solomon, Bensam FINTECH FINANCIAL TECHNOLOGY POVERTY DIGITAL FINANCE FINANCIAL SERVICES ACCESS TO FINANCE MOBILE BANKING FINANCIAL INCLUSION EMERGING MARKET ECONOMIES BANKING SYSTEM BIG DATA This note explores the way traditional banks and financial technology companies, or Fintech’s, interact in Africa and Asia, and their ability to offer innovative digital financial services that grant unbanked individuals access to financial transactions. The Fintech sector is experiencing explosive growth in both continents, but while Asian banks have managed to efficiently integrate with Fintech solutions, African banks have been slower to adapt to this change. Still, the outlook for mobile banking remains positive, and its prevalence will boost the financial industry in both regions. 2018-09-06T16:31:35Z 2018-09-06T16:31:35Z 2017-03 Brief http://documents.worldbank.org/curated/en/832341492592362552/How-Fintech-is-reaching-the-poor-in-Africa-and-Asia-a-start-up-perspective http://hdl.handle.net/10986/30360 English EMCompass,no. 34; CC BY-NC-ND 3.0 IGO http://creativecommons.org/licenses/by-nc-nd/3.0/igo International Finance Corporation International Finance Corporation, Washington, DC Publications & Research Publications & Research :: Brief Africa East Asia and Pacific South Asia Asia Sub-Saharan Africa Bangladesh India South Africa
repository_type Digital Repository
institution_category Foreign Institution
institution Digital Repositories
building World Bank Open Knowledge Repository
collection World Bank
language English
topic FINTECH
FINANCIAL TECHNOLOGY
POVERTY
DIGITAL FINANCE
FINANCIAL SERVICES
ACCESS TO FINANCE
MOBILE BANKING
FINANCIAL INCLUSION
EMERGING MARKET ECONOMIES
BANKING SYSTEM
BIG DATA
spellingShingle FINTECH
FINANCIAL TECHNOLOGY
POVERTY
DIGITAL FINANCE
FINANCIAL SERVICES
ACCESS TO FINANCE
MOBILE BANKING
FINANCIAL INCLUSION
EMERGING MARKET ECONOMIES
BANKING SYSTEM
BIG DATA
Alexander, Alex J.
Shi, Lin
Solomon, Bensam
How Fintech is Reaching the Poor in Africa and Asia : A Start-Up Perspective
geographic_facet Africa
East Asia and Pacific
South Asia
Asia
Sub-Saharan Africa
Bangladesh
India
South Africa
relation EMCompass,no. 34;
description This note explores the way traditional banks and financial technology companies, or Fintech’s, interact in Africa and Asia, and their ability to offer innovative digital financial services that grant unbanked individuals access to financial transactions. The Fintech sector is experiencing explosive growth in both continents, but while Asian banks have managed to efficiently integrate with Fintech solutions, African banks have been slower to adapt to this change. Still, the outlook for mobile banking remains positive, and its prevalence will boost the financial industry in both regions.
format Brief
author Alexander, Alex J.
Shi, Lin
Solomon, Bensam
author_facet Alexander, Alex J.
Shi, Lin
Solomon, Bensam
author_sort Alexander, Alex J.
title How Fintech is Reaching the Poor in Africa and Asia : A Start-Up Perspective
title_short How Fintech is Reaching the Poor in Africa and Asia : A Start-Up Perspective
title_full How Fintech is Reaching the Poor in Africa and Asia : A Start-Up Perspective
title_fullStr How Fintech is Reaching the Poor in Africa and Asia : A Start-Up Perspective
title_full_unstemmed How Fintech is Reaching the Poor in Africa and Asia : A Start-Up Perspective
title_sort how fintech is reaching the poor in africa and asia : a start-up perspective
publisher International Finance Corporation, Washington, DC
publishDate 2018
url http://documents.worldbank.org/curated/en/832341492592362552/How-Fintech-is-reaching-the-poor-in-Africa-and-Asia-a-start-up-perspective
http://hdl.handle.net/10986/30360
_version_ 1764471788829409280

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