With purchases and transactions increasingly moving away from cash and towards digital channels during the pandemic, both central banks and private institutions around the world are continuing to explore the potential of digital currencies.
- Sub-Saharan Africa
Digital Identity and Financial Inclusion: How Digitizing Customer Due Diligence Can Strengthen Providers During COVID-19 and Beyond
Customer due diligence requirements are a major barrier to financial inclusion, since in some countries up to half the adult population can't open a bank account because they lack the necessary identity documents. With COVID-19 placing this obstacle in the spotlight, analysts at Cenfri explore how digital ID systems can benefit providers and customers, during the pandemic and beyond.