As BFA concludes its FIBR four-year action research program on accelerating digital and financial inclusion in East and West Africa, we ask ourselves:
- Have superplatforms advanced financial inclusion? This was the hypothesis of our 2017 Inclusive Digital Ecosystems White Paper.
- Have platforms done more for development than just increasing the financial services on offer, such as unlocking productivity and livelihoods in Africa?
- If we believe platforms have a generative effect in the digital economy, how do we ensure platforms, little and big, local and global, continue to create and sustain generative value propositions for iWorkers: digitally-connected workers with smartphones, including young people, growing entrepreneurs, and micro and small businesses?
Join BFA / FIBR for a lunch-and-learn on Wednesday, December 3 at CGAP offices at from 12pm to 1:30pm.
Topics we will cover:
- Two years later, superplatforms continue to advance financial inclusion despite some increased scrutiny and decline in trust in BigTech.
- Superplatforms continue to organize and pull consumers into digital ecosystems. In Africa, BigTech superplatforms have not landed ashore but local superplatform-like players (Jumia and Cellulant) are growing market share.
- Superplatforms are generative, which is a driver for pulling in consumers into digital ecosystems and and an incentive for workers seeking a source of income.
- iWorkers are a future class of workers along the spectrum of informal-formal work, which policymakers can encourage by supporting progressive formalization.