Brief

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

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collection.link.315
https://openknowledge.worldbank.org/handle/10986/30315
collection.name.315
EMCompass Notes
dc.contributor.author
Alexander, Alex J.
dc.contributor.author
Shi, Lin
dc.contributor.author
Solomon, Bensam
dc.date.accessioned
2018-09-06T16:31:35Z
dc.date.available
2018-09-06T16:31:35Z
dc.date.issued
2017-03
dc.description.abstract
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.
en
dc.identifier
http://documents.worldbank.org/curated/en/832341492592362552/How-Fintech-is-reaching-the-poor-in-Africa-and-Asia-a-start-up-perspective
dc.identifier.uri
http://hdl.handle.net/10986/30360
dc.language
English
dc.publisher
International Finance Corporation, Washington, DC
dc.relation.ispartofseries
EMCompass,no. 34;
dc.rights
CC BY-NC-ND 3.0 IGO
dc.rights.holder
International Finance Corporation
dc.rights.uri
http://creativecommons.org/licenses/by-nc-nd/3.0/igo
dc.subject
FINTECH
dc.subject
FINANCIAL TECHNOLOGY
dc.subject
POVERTY
dc.subject
DIGITAL FINANCE
dc.subject
FINANCIAL SERVICES
dc.subject
ACCESS TO FINANCE
dc.subject
MOBILE BANKING
dc.subject
FINANCIAL INCLUSION
dc.subject
EMERGING MARKET ECONOMIES
dc.subject
BANKING SYSTEM
dc.subject
BIG DATA
dc.title
How Fintech is Reaching the Poor in Africa and Asia
en
dc.title.subtitle
A Start-Up Perspective
en
dc.type
Brief
en
okr.date.disclosure
2017-04-19
okr.doctype
Publications & Research
okr.doctype
Publications & Research :: Brief
okr.docurl
http://documents.worldbank.org/curated/en/832341492592362552/How-Fintech-is-reaching-the-poor-in-Africa-and-Asia-a-start-up-perspective
okr.googlescholar.linkpresent
yes
okr.identifier.externaldocumentum
090224b084ada7ac_1_0
okr.identifier.internaldocumentum
27372421
okr.identifier.report
114396
okr.imported
true
en
okr.language.supported
en
okr.pdfurl
http://documents.worldbank.org/curated/en/832341492592362552/pdf/114396-BRI-EmCompass-Note-34-DFS-and-FinTech-Mar-28-PUBLIC.pdf
en
okr.region.administrative
Africa
okr.region.administrative
East Asia and Pacific
okr.region.administrative
South Asia
okr.region.country
Bangladesh
okr.region.country
India
okr.region.country
South Africa
okr.region.geographical
Asia
okr.region.geographical
Sub-Saharan Africa
okr.topic
Finance and Financial Sector Development :: Access to Finance
okr.topic
Finance and Financial Sector Development :: E-Finance and E-Security
okr.topic
Finance and Financial Sector Development :: Finance and Development
okr.topic
Finance and Financial Sector Development :: Financial Literacy
okr.topic
Finance and Financial Sector Development :: Payment Systems & Infrastructure
okr.topic
Information and Communication Technologies :: Digital Divide
okr.unit
Global Macro and Market Research (CGRDR)

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