Digital Finance Retail Distribution Networks in Low- and Middle Income Countries: A Research Agenda

Framework paper

Markets for digital financial services (DFS) – particularly mobile money and agent banking – are growing rapidly in low- and middle-income countries and are being transformed by several digitalisation initiatives. Retail distribution and vendor networks are necessary building blocks for a robust digital finance ecosystem, due to their ability to convert money between physical cash and digital currency, and to serve as onboarding channels for a broader set of digital financial tools and services.

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.