Digital Financial Services: Where Are We Headed?

Positive news on financial inclusion from LatAm, Africa and Pacific. Can we apply this to lifting poverty and financial exclusion in the UK & US?

Alliance for Financial Inclusion Blogs

John Owens

Participants take part in the "Digital Financial Services: Where are we Headed?" panel at the 2014 GPF in Trinidad and Tobago. Central Bank of Kenya Governor Njuguna Ndung’u, center, takes part in the “Digital Financial Services: Where are we Headed?” panel at the 2014 GPF in Trinidad and Tobago.

The 2014 Global Policy Forum (GPF) and the Digital Financial Services Working Group meeting held in Trinidad and Tobago in September gave many policymakers the opportunity to share various digital financial inclusion trends from several regions around the globe.

African Perspective

Africa continues to innovate in the area of digital financial inclusion, primarily via mobile-enabled electronic money services. Digital financial services have continued to dramatically expand both access as well as the range of options to further support not only for financial inclusion but economic growth opportunities as well. In addition to e-money being utilized as a money transfer service, it is now being used as the rails to increase access to a broader variety of financial services, from banking…

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