FinTech in Sub-Saharan African Countries - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook FinTech in Sub-Saharan African Countries write by Mr.Amadou N Sy. This book was released on 2019-02-14. FinTech in Sub-Saharan African Countries available in PDF, EPUB and Kindle. FinTech is a major force shaping the structure of the financial industry in sub-Saharan Africa. New technologies are being developed and implemented in sub-Saharan Africa with the potential to change the competitive landscape in the financial industry. While it raises concerns on the emergence of vulnerabilities, FinTech challenges traditional structures and creates efficiency gains by opening up the financial services value chain. Today, FinTech is emerging as a technological enabler in the region, improving financial inclusion and serving as a catalyst for the emergence of innovations in other sectors, such as agriculture and infrastructure.
Fintech in Sub-Saharan Africa
Fintech in Sub-Saharan Africa - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Fintech in Sub-Saharan Africa write by Njuguna S. Ndung'u. This book was released on 2022. Fintech in Sub-Saharan Africa available in PDF, EPUB and Kindle. This paper traces the development of fintech in sub-Saharan Africa, its evolution over time, and the unfolding benefits attained at each stage of its adoption and market evolution. From the onset, fintechs have revolutionized retail electronic payment systems-a revolution that has evolved into a technological platform to manage micro-savers' accounts, virtual savings and credit systems, public financial management, and cross-border remittances, and has led to the adoption of new monetary policy frameworks. The uptake of fintech products has led to increased financial inclusion for underserved and unserved populations, improvement of welfare, and the efficient and cost-effective provision of services across all sectors of the economy. The paper also outlines the challenges that persist and need to be addressed to allow the rapid uptake of fintech products and solutions in sub-Saharan Africa. The paper concludes that the fourth Industrial Revolution, driven by fintech, has the potential to propel the continent to higher levels of savings, investments, employment, and inclusive growth, provided an appropriate legal and regulatory framework is put in place and resources are channelled for sufficient infrastructural development.
FinTech in Sub-Saharan Africa
FinTech in Sub-Saharan Africa - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook FinTech in Sub-Saharan Africa write by David L. Yermack. This book was released on 2018. FinTech in Sub-Saharan Africa available in PDF, EPUB and Kindle. The FinTech sector has begun to grow rapidly in sub-Saharan Africa. I document far greater adoption of social media, digital currency, ride sharing, and other FinTech applications in countries with a common law legal heritage compared to those with a civil law system, suggesting that legal origin plays a critical role in setting the stage for growth through entrepreneurship in the developing world. The electrical, telecom, and Internet infrastructure required for FinTech has been built out more extensively in common law countries. Financial inclusion outcomes are also better in emerging markets that have a common law heritage.
FinTech Regulation in Sub-Saharan Africa
FinTech Regulation in Sub-Saharan Africa - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook FinTech Regulation in Sub-Saharan Africa write by . This book was released on 2021. FinTech Regulation in Sub-Saharan Africa available in PDF, EPUB and Kindle.
Central Bank Digital Currency and Other Digital Payments in Sub-Saharan Africa
Central Bank Digital Currency and Other Digital Payments in Sub-Saharan Africa - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Central Bank Digital Currency and Other Digital Payments in Sub-Saharan Africa write by Mr. Luca A Ricci. This book was released on 2024-03-27. Central Bank Digital Currency and Other Digital Payments in Sub-Saharan Africa available in PDF, EPUB and Kindle. This Fintech Note reports key findings from the Sub-Saharan Africa Central Bank Digital Currency (CBDC) and Digital Payments Survey, shedding light on the motivations, benefits, and challenges of CBDC adoption, as well as the developments of digital private money and crypto assets in sub-Saharan Africa. It emphasizes the pivotal role of collaboration and shared knowledge in navigating the intricate landscape of digital currencies and assets in sub-Saharan Africa. As this evolving digital frontier is explored, the experiences and aspirations of the region’s central banks, as expressed in the survey, will help harness the potential for digital currencies, assets, and payments, and foster cooperation among countries in sub-Saharan Africa. A forthcoming IMF Departmental Paper will focus on key issues for countries in sub-Saharan Africa pertaining to CBDCs, private digital payments, and crypto assets. It will provide a deeper discussion of the benefits, costs, and risks of these digital payment systems and present policy options to enhance financial digital development and inclusion, while safeguarding macroeconomic and financial stability.
