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Fintech, Inclusive Growth and Cyber Risks: Focus on the MENAP and CCA Regions

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  • Ms. Inutu Lukonga

Abstract

Financial technology (fintech) is emerging as an innovative way to achieve financial inclusion and the broader objective of inclusive growth. Thus far, fintech in the MENAP and CCA remains below potential with limited impact on financial inclusion. This paper reviews the fintech landscape in the MENAP and CCA regions, identifies the constraints to the growth of fintech and its contribution to inclusive growth and considers policy options to unlock the potential.

Suggested Citation

  • Ms. Inutu Lukonga, 2018. "Fintech, Inclusive Growth and Cyber Risks: Focus on the MENAP and CCA Regions," IMF Working Papers 2018/201, International Monetary Fund.
    • Handle: RePEc:imf:imfwpa:2018/201
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    1. Mr. Dong He & Mr. Ross B Leckow & Mr. V. Haksar & Mr. Tommaso Mancini-Griffoli & Nigel Jenkinson & Ms. Mikari Kashima & Mr. Tanai Khiaonarong & Ms. Celine Rochon & Hervé Tourpe, 2017. "Fintech and Financial Services: Initial Considerations," IMF Staff Discussion Notes 2017/005, International Monetary Fund.
    2. Mr. Tanai Khiaonarong, 2014. "Oversight Issues in Mobile Payments," IMF Working Papers 2014/123, International Monetary Fund.
    3. Dong He & Ross B Leckow & Vikram Haksar & Tommaso Mancini Griffoli & Nigel Jenkinson & Mikari Kashima & Tanai Khiaonarong & Celine Rochon & Hervé Tourpe, 2017. "Fintech and Financial Services; Initial Considerations," IMF Staff Discussion Notes 17/05, International Monetary Fund.
    4. Asian Development Bank (ADB) & Asian Development Bank (ADB) & Asian Development Bank (ADB) & Asian Development Bank (ADB), 2016. "Digital Financial Services in the Pacific: Experiences and Regulatory Issues," ADB Reports RPT167908-2, Asian Development Bank (ADB).
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    Cited by:

    1. Paola Argüello Kalpa & María Alexandra Ortiz Cabrera, 2020. "Colección Enrique Low Murtra. Tomo XIII, Derecho económico," Books, Universidad Externado de Colombia, Facultad de Derecho, number 1274, August.
    2. Jean-Claude Kouladoum, 2023. "Digital infrastructural development and inclusive growth in Sub-Saharan Africa," Journal of Social and Economic Development, Springer;Institute for Social and Economic Change, vol. 25(2), pages 403-427, December.
    3. Daniele Schilirò, 2021. "Fintech in Dubai: Development and Ecosystem," International Business Research, Canadian Center of Science and Education, vol. 14(11), pages 1-61, November.
    4. Purva Khera & Stephanie Ng & Sumiko Ogawa & Ratna Sahay, 2022. "Measuring Digital Financial Inclusion in Emerging Market and Developing Economies: A New Index," Asian Economic Policy Review, Japan Center for Economic Research, vol. 17(2), pages 213-230, July.
    5. Pelin Berkmen & Ms. Kimberly Beaton & Mr. Dmitry Gershenson & Mr. Javier Arze del Granado & Kotaro Ishi & Miss Marie S Kim & Emanuel Kopp & Mrs. Marina V Rousset, 2019. "Fintech in Latin America and the Caribbean: Stocktaking," IMF Working Papers 2019/071, International Monetary Fund.
    6. Majid Bazarbash, 2019. "FinTech in Financial Inclusion: Machine Learning Applications in Assessing Credit Risk," IMF Working Papers 2019/109, International Monetary Fund.
    7. Luis Fernando López Roca & Mauricio Baquero Herrera & Jorge Armando Corredor Higuera, 2021. "Los mercados financieros ante la disrupción de las nuevas tecnologías digitales," Books, Universidad Externado de Colombia, Facultad de Derecho, number 1324, August.
    8. Farah Naz & Sitara Karim & Asma Houcine & Muhammad Abubakr Naeem, 2024. "Fintech Growth during COVID-19 in MENA Region: Current Challenges and Future prospects," Electronic Commerce Research, Springer, vol. 24(1), pages 371-392, March.

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