Digital Financial Inclusion

<p>With the arrival of the ‘Internet of Things’ (IoT) smartphones real-time payments systems plus FinTech activity Financial Inclusion services can now be integrated into a country’s National Payment System (NPS) which means there should be no systemic barriers to transitioning the socio-economic pyramid as actors build their financial status. This however is not the case. This book is a comprehensive guide to understanding the transition of financial services from cash-based to digital-based systems with a focus on Financial Inclusion.</p><p>It explores the success of Financial Inclusion programs in promoting economic activity and lifting people out of poverty. It does not concentrate on a single deployment or approach rather it takes a broader view. The book surveys the technology and infrastructure required to build digital payment systems as well as the regulatory and governance frameworks that enable their operation however the major focus is on the incorporation of these financial services within communities in order to deliver social outcomes. The book opens the conversation proposing a new method of measuring Financial Inclusion. It takes a critical but constructive look at the field over the last 20+ years and discusses the key learnings. It examines the Kenya mobile money approach to Financial Inclusion compared with the Indian bank lead approach and delivers a broad-based plan on how the programs can be more effective in the future.</p><p>Financial Inclusion requires a pathway to progress through a period of technology transformation. The foundation is provided by this book and the reader on finishing it will have a comprehensive appreciation of the subject matter.</p>