Remove 2021 Remove Economy Remove Financial Literacy
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Sri Lanka On the Road to Recovery: Fintech’s Impact on the Economy

The Fintech Times

In the last five years, Sri Lanka’s economy has struggled greatly. Back in 2012, Sri Lanka had the highest financial inclusion rate in South Asia with two-thirds of its population having access to formal financial accounts. From being one of the strongest markets in South Asia, it has since fallen from grace.

Economy 85
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Financial Inclusion and Fintech Drive Bangladesh’s Economic Transformation

The Fintech Times

Once among the poorest countries globally, Bangladesh now showcases a rapidly developing economy that is embracing digitalisation to expand financial access and foster inclusion. While only a fifth of the population had mobile internet access in 2017, by 2021 that number had skyrocketed to nearly universal coverage.

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Overcoming Huge Infrastructure and Inclusion Challenges: How Can Fintech Help Develop Timor-Leste?

The Fintech Times

According to the World Bank , the country has a gross domestic product per capita of around $2,389 – while its economy is reliant on energy resources in the Timor Sea. In addition, only 48 per cent of Timorese adults have a bank account or use a digital financial service.

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India’s Rise in Fintech: How Digital Payment Infrastructure is Shaping Economic Growth

The Fintech Times

The country’s journey from a cash-dominated economy to a digital leader began to take shape in 2016, a pivotal year for India’s financial arena. Accelerating financial inclusion Though demonetisation was abrupt, it accelerated digitalisation in India, with a significant impact on financial inclusion.

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Fintech is Failing at Financial Inclusion for Women

Fintech News

Data from the World Bank’s Global Findex Database reveal that, in 2021, men were 6% points more likely than women to use digital payments, a gender gap that had remained consistent across developing economies since 2014 in part because of the broader gender gap in access to digital services.

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5 Key Trends Shaping Fintech in India, According to PwC

Fintech News

The report, titled “Fintech – powering India’s US$5 trillion economy by fostering innovations, enabling inclusion and building a sustainable future”, provides an overview of the current state of fintech trends in India. billion in 2021 to nearly US$515 billion by 2030, a 33.5%

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More Than Half the Fintech Industry Seeing Growth from Strong Consumer Demand

Fintech News

billion in 2021 to US$77.5 billion in 2021 to US$77.5 In Asia Pacific, the lack of a skilled workforce and poor digital and financial literacy were also factors, however this trend can also be observed globally. But the noticeable decline in fintech investment — halved from US$140.8

FinTech 129