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The Role of FinTech in Sustainable Healthcare Development in Sub-Saharan Africa: A Narrative Review

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  • Edgar Cambaza

    (Faculty of Health Sciences, Academic Vice-Chancellery, Universidade Aberta ISCED (UnISCED), Rua Carlos Pereira, Parcela n° 148/07, Estoril Expansão, Beira 0504-01, Mozambique)

Abstract

This narrative review explores the potential of FinTech in promoting sustainable healthcare development in Sub-Saharan Africa (SSA), focusing on the role of blockchain, crowdfunding, digital payments, and machine learning. The review also highlights the potential barriers to FinTech adoption in SSA, including limited access to technology, regulatory challenges, and cultural factors, and proposes potential solutions, such as capacity building and increased financial investment. Additionally, the review discusses the ethical and social implications of FinTech in healthcare development, including privacy, data security, equity, and accessibility. The main findings suggest that FinTech has the potential to significantly improve healthcare delivery and financing in SSA, particularly in the areas of information sharing, healthcare financing, and healthcare delivery models. However, addressing the barriers to FinTech adoption and mitigating the ethical and social implications will be essential to realizing the full potential of FinTech in healthcare development in the region. The review recommends future research and development in this area, and highlights the potential for FinTech to promote sustainable and equitable healthcare development in SSA.

Suggested Citation

  • Edgar Cambaza, 2023. "The Role of FinTech in Sustainable Healthcare Development in Sub-Saharan Africa: A Narrative Review," FinTech, MDPI, vol. 2(3), pages 1-17, July.
    • Handle: RePEc:gam:jfinte:v:2:y:2023:i:3:p:25-460:d:1190383
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    References listed on IDEAS

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