Friday
July 29
2022

Report Proposes Digital ID Changes for Financial Inclusion of Forcibly Displaced Persons

report produced by the Alliance for Financial Inclusion (AFI) on the state of financial inclusion in three African countries has made policy recommendations aimed at clearing the hurdles preventing forcibly displaced persons (FDPs) in these countries, and others, from having access to financial inclusion services.

Some of these hurdles as mentioned in the report include the lack of officially recognized identification documents, the limited number of access points where formal financial services can be obtained, as well as strict KYC policies which have been put in place by some governments, mostly to prevent money laundering and the financing of terrorism.

Eswatini, Mauritania and Rwanda were used as case studies for the 42-page report which was put together from interviews with stakeholders representing national governments, international organizations and the private sector.

Photo courtesy of Simon Berry.

Source: Biometric Update (link opens in a new window)

Categories
Finance, Technology
Tags
digital identity, financial access, financial inclusion, financial services, refugees