10:30 AM Fintech and financial inclusion
Today more people own a mobile phone than a bank account which means that digital technologies will undoubtedly become an impetus for global financial inclusion. According to analysts, the underserved market is the next trillion-dollar opportunity in fintech. But is fintech positioned to serve last-mile customers? This session will consider the good, the bad, and the ugly when it comes to the role of fintech for reaching the 1.7 billion adults worldwide who remain unbanked. It will also highlight key strategic directions for fintechs aiming to design solutions that work for people living in low-resource environments.