Banking on FinTech in Emerging Markets

Banking on FinTech in Emerging Markets

Despite near-universal access to financial services in advanced economies, financial exclusion is stubbornly persistent in many emerging markets, leaving huge swaths of low-income populations unbanked or underbanked. FinTech companies, which apply...

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Bibliographic Details
Main Authors: Rose Innes, Cleo, Andrieu, Jacqueline
Format: Brief
Language:English
Published: International Finance Corporation, Washington, DC 2022
Subjects:
EMERGING MARKET ECONOMIES
FINANCIAL TECHNOLOGY
FINTECH
ACCESS TO FINANCIAL SERVICES
DIGITAL INFRASTRUCTURE
DIGITAL BANKING
FINANCIAL INCLUSION
Online Access:http://documents.worldbank.org/curated/undefined/765701642699455317/Banking-on-FinTech-in-Emerging-Markets
http://hdl.handle.net/10986/36873
id okr-10986-36873
recordtype oai_dc
spelling okr-10986-368732022-02-03T20:31:50Z Banking on FinTech in Emerging Markets Rose Innes, Cleo Andrieu, Jacqueline EMERGING MARKET ECONOMIES FINANCIAL TECHNOLOGY FINTECH ACCESS TO FINANCIAL SERVICES DIGITAL INFRASTRUCTURE DIGITAL BANKING FINANCIAL INCLUSION Despite near-universal access to financial services in advanced economies, financial exclusion is stubbornly persistent in many emerging markets, leaving huge swaths of low-income populations unbanked or underbanked. FinTech companies, which apply innovative technologies to deliver such services in new ways, have begun to tap into the enormous unmet demand that this represents. These companies are starting to thrive in emerging markets, though regulatory issues, particularly weak consumer protection measures, remain to be resolved in many countries. If these can be overcome, and more progress toward universal access to digital infrastructure can be made, FinTechs will continue to scale and spread. 2022-01-24T21:49:12Z 2022-01-24T21:49:12Z 2022-01 Brief http://documents.worldbank.org/curated/undefined/765701642699455317/Banking-on-FinTech-in-Emerging-Markets http://hdl.handle.net/10986/36873 English EMCompass;Note 109 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
repository_type Digital Repository
institution_category Foreign Institution
institution Digital Repositories
building World Bank Open Knowledge Repository
collection World Bank
language English
topic EMERGING MARKET ECONOMIES
FINANCIAL TECHNOLOGY
FINTECH
ACCESS TO FINANCIAL SERVICES
DIGITAL INFRASTRUCTURE
DIGITAL BANKING
FINANCIAL INCLUSION
spellingShingle EMERGING MARKET ECONOMIES
FINANCIAL TECHNOLOGY
FINTECH
ACCESS TO FINANCIAL SERVICES
DIGITAL INFRASTRUCTURE
DIGITAL BANKING
FINANCIAL INCLUSION
Rose Innes, Cleo
Andrieu, Jacqueline
Banking on FinTech in Emerging Markets
relation EMCompass;Note 109
description Despite near-universal access to financial services in advanced economies, financial exclusion is stubbornly persistent in many emerging markets, leaving huge swaths of low-income populations unbanked or underbanked. FinTech companies, which apply innovative technologies to deliver such services in new ways, have begun to tap into the enormous unmet demand that this represents. These companies are starting to thrive in emerging markets, though regulatory issues, particularly weak consumer protection measures, remain to be resolved in many countries. If these can be overcome, and more progress toward universal access to digital infrastructure can be made, FinTechs will continue to scale and spread.
format Brief
author Rose Innes, Cleo
Andrieu, Jacqueline
author_facet Rose Innes, Cleo
Andrieu, Jacqueline
author_sort Rose Innes, Cleo
title Banking on FinTech in Emerging Markets
title_short Banking on FinTech in Emerging Markets
title_full Banking on FinTech in Emerging Markets
title_fullStr Banking on FinTech in Emerging Markets
title_full_unstemmed Banking on FinTech in Emerging Markets
title_sort banking on fintech in emerging markets
publisher International Finance Corporation, Washington, DC
publishDate 2022
url http://documents.worldbank.org/curated/undefined/765701642699455317/Banking-on-FinTech-in-Emerging-Markets
http://hdl.handle.net/10986/36873
_version_ 1764486072759222272

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