May 29

Digital Financial Services Could Fast-Track UN SDGs

By Osahon Akpata

The world is going through unprecedented challenges caused by a novel, rapidly transmitted coronavirus. Experts predict difficult times ahead with shrinking economies, loss of life and livelihoods and some structural changes — a new normal.

Change is afoot in Africa as governments work tirelessly to identify their most vulnerable citizens for emergency disbursements. Banks, mobile money operators and Fintech firms are providing innovative solutions to meet their client needs and this may be a significant opportunity for lasting positive change.

The increased adoption of digital financial services being observed could lead to the accelerated achievement of several United Nations Sustainable Development Goals (SDGs).

Photo courtesy of USAID Digital Development.

Source: Mail & Guardian (link opens in a new window)

Coronavirus, Finance
digital finance, fintech, SDGs