Innovation to expand financial inclusion will be in focus at the second symposium of the Financial Inclusion Global Initiative (FIGI) in Cairo, Egypt, from January 22 to 24, 2019.
The FIGI symposium is being held at a time when an estimated 1.7 billion adults are still without access to a bank account, yet among this group, 1.1 billion have a mobile phone.
Egypt is one of three ‘model’ developing countries, alongside China and Mexico, receiving technical assistance from the FIGI community in the introduction of policy reforms to stimulate digital financial inclusion.
The FIGI Symposium 2019 will share lessons learnt from China, Egypt and Mexico in the promotion of electronic payments, efforts to capitalize on Fintech innovation, and the harmonization of ICT and finance regulation.
The initiative focuses on three ‘model’ developing countries and consists of two complementary ‘operational’ and ‘knowledge’ streams. The operational stream supports policy innovation in China, Egypt and Mexico – with the three identified as having significant potential to form case studies of value to other countries around the world.
The knowledge stream, enacted by three working groups, advances research in three key areas of digital finance:
The relationship between digital ID and financial inclusion
Electronic payment acceptance by merchants and their customers
Security and trust in digital financial services
Three FIGI symposia will showcase national experiences in promoting financial inclusion and share the latest findings of FIGI’s three working groups.
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