IMF Working Papers Volume 2021 Issue 221: Fintech and Financial Inclusion in Latin America and the Caribbean (2021)

Jump to Content Jump to Main Navigation

Fintech and Financial Inclusion in Latin America and the Caribbean

Author:

Mr. Dmitry Gershenson

Mr. Dmitry Gershenson
Search for other papers by Mr. Dmitry Gershenson in
Current site
Google Scholar
PubMed

Frederic Lambert

Frederic Lambert
Search for other papers by Frederic Lambert in
Current site
Google Scholar
PubMed

Luis Herrera

Luis Herrera
Search for other papers by Luis Herrera in
Current site
Google Scholar
PubMed

Grey Ramos

Grey Ramos
Search for other papers by Grey Ramos in
Current site
Google Scholar
PubMed

Mrs. Marina V Rousset

Mrs. Marina V Rousset
Search for other papers by Mrs. Marina V Rousset in
Current site
Google Scholar
PubMed

, and

Mr. Jose L. Torres

Mr. Jose L. Torresnull

Search for other papers by Mr. Jose L. Torres in
Current site
Google Scholar
PubMed

Series:: IMF Working Papers

Volume/Issue:: Volume 2021: Issue 221

Publication Date:: 20 Aug 2021

DOI:: https://doi.org/10.5089/9781513592237.001

ISBN:: 9781513592237

ISSN:: 1018-5941

Pages:: 77

Keywords:: fintech development; policy initiative; financial product; cash transfer program; ACH Colombia; electronic cash; per capita income; credit card payment; Financial inclusion; Fintech; Financial sector; Caribbean; Middle East and Central Asia; Central America; South America; Asia and Pacific

Legal-disclaimer:: IMF Working Papers describe research in progress by the author(s) and are published to elicit comments and to encourage debate. The views expressed in IMF Working Papers are those of the author(s) and do not necessarily represent the views of the IMF, its Executive Board, or IMF management.

Series:: IMF Working Papers

Volume/Issue:: Volume 2021: Issue 221

Language:: English

Publication Date:: 20 Aug 2021

DOI:: https://doi.org/10.5089/9781513592237.001

ISBN:: 9781513592237

ISSN:: 1018-5941

Pages:: 77

Keywords:: fintech development; policy initiative; financial product; cash transfer program; ACH Colombia; electronic cash; per capita income; credit card payment; Financial inclusion; Fintech; Financial sector; Caribbean; Middle East and Central Asia; Central America; South America; Asia and Pacific

Legal-disclaimer:: IMF Working Papers describe research in progress by the author(s) and are published to elicit comments and to encourage debate. The views expressed in IMF Working Papers are those of the author(s) and do not necessarily represent the views of the IMF, its Executive Board, or IMF management.

Download PDF (2.8 MB) Download Epub

Despite some improvement since 2011, Latin America and the Caribbean continue to lag behind other regions in terms of financial inclusion. There is no clear evidence that fintech developments have supported greater financial inclusion in LAC, contrary to what has been observed elsewhere in the world. Case studies by national policy experts suggest that barriers to entry in the financial sector, along with a constraining regulatory environment, may have hindered a faster adoption of fintech. However, fintech development seems to have accelerated in the wake of the COVID-19 pandemic and with the support of recent policy initiatives.

Save
Email this content

Share Link

Copy this link, or click below to email it to a friend
Email this content
or copy the link directly:

https://www.elibrary.imf.org/view/journals/001/2021/221/001.2021.issue-221-en.xml
The link was not copied. Your current browser may not support copying via this button.

Link copied successfully

Collapse
Expand

IMF Working Papers

ISSN:: 1018-5941

Publisher:: International Monetary Fund

Topics

Countries

Series

About

Resources

Share Link

Metrics

Foresee