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Fintech in sub-Saharan Africa

Njuguna Ndung'u

No wp-2022-101, WIDER Working Paper Series from World Institute for Development Economic Research (UNU-WIDER)

Abstract: This paper traces the development of fintech in sub-Saharan Africa, its evolution over time, and the unfolding benefits attained at each stage of its adoption and market evolution. From the onset, fintechs have revolutionized retail electronic payment systems—a revolution that has evolved into a technological platform to manage micro-savers' accounts, virtual savings and credit systems, public financial management, and cross-border remittances, and has led to the adoption of new monetary policy frameworks.

Keywords: Fintech; Financial inclusion; Saving; Technology; Sub-Saharan Africa (search for similar items in EconPapers)
Date: 2022
New Economics Papers: this item is included in nep-afr, nep-ban, nep-fdg, nep-fle, nep-fmk and nep-pay
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