Opening soon -- 2nd ReFinD request for proposals for research in retail finance distribution

Opening soon -- 2nd ReFinD request for proposals for research in retail finance distribution

The Retail Finance Distribution (ReFinD) research initiative will open for applications for the second round of sub-grants in February 2023. Successful applicants will be awarded grants to undertake research and test innovations in retail finance/ agent banking for financial inclusion in low and middle-income countries in Sub-Saharan Africa, Southeast Asia, and South Asia.

FinTech and the Future of Banks and Financial Services in Africa

FinTech and the Future of Banks and Financial Services in Africa

Abstract

This chapter examines the role of financial technology (FinTech) in transforming the delivery of banking and financial services and its potential in promoting financial inclusion in Africa. The chapter discusses the main types of FinTech which include mobile money, mobile banking, crowdfunding, and blockchain technology and cryptocurrencies and their market developments in Africa.