Wednesday
April 3
2019

Sierra Leone launches competition on financial inclusion

By APA News

The Central Bank of Sierra Leone has on Friday launched a competition designed to support financial inclusion of the middle and low-income members of the population.The Sierra Leone FinTech Challenge 2019-2020 aims to harness the growing digital economy in order to develop and test innovative solutions as a way to leapfrog access to finance, and consequently build out government and private sector platforms to operationalize the benefits of the digital economy, the partners said in a joined statement published on Friday.

The statement said the initiative will test and build business models for digital infrastructure to shift from informal cash–based transactions to digital financial services that can mobilize domestic resources and address the latent needs around health, education, agriculture and help save and plan for the future.

Photo courtesy of Simon Berry.

Source: Journal du Cameroun (link opens in a new window)

Categories
Finance, Technology
Tags
DFS, digital finance, financial inclusion, fintech, LMICs