Covid-19: Boon and bane for digital payments and financial inclusion

FSI Briefs  |  No 9  | 
24 July 2020
by Nana Yaa Boakye-Adjei
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  |  11 pages

Highlights

  • Authorities around the world have moved to encourage the use of digital payments in response to Covid-19. 

  • Some of these measures facilitate the use of digital payments during lockdown, while others provide longer-term support for fintech players and financial innovation more broadly. 

  • For emerging market and developing economies, the measures respond to the unexpected opportunity to further promote financial inclusion objectives through the use of technology. 

  • To increase their effect, these moves should include measures to combat financial crime and protect consumers.