Financial inclusion is now an attractive proposition for banks and fintechs in the Middle East & Africa (MEA) when facilitated by open banking. That reality debunks a misconception that financial inclusion is pro-bono and lacks sustainable business models.
"8 of 18 central banks and monetary authorities in the Middle East & North Africa rate financial inclusion as their top priority for open banking.”
A dearth of bank accounts in MEA has little bearing on the penetration of mobile phones, which are increasingly the medium of choice for financial services. Open banking now provides an opportunity for telecommunication companies to work together with banks and fintechs. This report identifies five use cases for financial inclusion in MEA based on three open banking business models.
Download the report to learn how your business can profitably support financial inclusion by creating more equal societies with better access for all.