Departmental Papers Volume 2020 Issue 009: The Promise of Fintech: Financial Inclusion in the Post COVID-19 Era (2020)

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

Author:

Ms. Ratna Sahay

Ms. Ratna Sahay
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Mr. Ulric Eriksson von Allmen

Mr. Ulric Eriksson von Allmen
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Ms. Amina Lahreche

Ms. Amina Lahreche
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https://orcid.org/0000-0003-4019-4578

Purva Khera

Purva Khera
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Ms. Sumiko Ogawa

Ms. Sumiko Ogawa
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Majid Bazarbash

Majid Bazarbashhttps://isni.org/isni/0000000404811396, International Monetary Fund

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, and

Ms. Kimberly Beaton

Ms. Kimberly Beaton
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Series:: Departmental Papers

Volume/Issue:: Volume 2020: Issue 009

Publication Date:: 01 Jul 2020

DOI:: https://doi.org/10.5089/9781513512242.087

ISBN:: 9781513512242

ISSN:: 2616-5333

Pages:: 83

Keywords:: DPPP; DP; Fintech company; fintech lender; use of big data; credit market; Fintech companies in the United States; payment service; supervised fintech company; Financial inclusion; Fintech; Mobile banking; COVID-19; Global

Legal-disclaimer:: The Departmental Paper Series presents research by IMF staff on issues of broad regional or cross-country interest. The views expressed in this paper are those of the author(s) and do not necessarily represent the views of the IMF, its Executive Board, or IMF management.

Series:: Departmental Papers

Volume/Issue:: Volume 2020: Issue 009

Language:: English

Publication Date:: 01 Jul 2020

DOI:: https://doi.org/10.5089/9781513512242.087

ISBN:: 9781513512242

ISSN:: 2616-5333

Pages:: 83

Keywords:: DPPP; DP; Fintech company; fintech lender; use of big data; credit market; Fintech companies in the United States; payment service; supervised fintech company; Financial inclusion; Fintech; Mobile banking; COVID-19; Global

Legal-disclaimer:: The Departmental Paper Series presents research by IMF staff on issues of broad regional or cross-country interest. The views expressed in this paper are those of the author(s) and do not necessarily represent the views of the IMF, its Executive Board, or IMF management.

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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.

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Departmental Papers

ISSN:: 2616-5333

Publisher:: International Monetary Fund

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