Benchmarking financial inclusion through innovation
Nikki Kettles, Executive: Licences and Payments Regulation at Mukuru
Financial inclusion remains a pivotal conversation. It sits at the heart of transforming the narrative for the millions of unbanked and underserved communities across Africa, and it has the potential to reimagine the economic potential of the continent on multiple levels. It is also a conversation that has been had by the International Monetary Fund (IMF), the World Bank, and ongoing research, but there the gaps between those with access and those without remain extensive. There are ongoing issues inhibiting true financial inclusion as many still don’t have mobile devices, bank accounts, or access to the documentation or digital solutions that would allow them to become part of the global, financial community.
It is a ...