Entries for 'FinTech'

Mobile money use in Sub-Saharan Africa has grown substantially in recent years. Limited reach of traditional banking services likely contributed to this dynamic. We estimate that mobile money transactions reached around $275 bn in 2020. However, their importance differs considerably among countries in the region. The industry will likely undergo a fundamental transformation in coming years. Changes will include market entrance of existing app-based payment platforms.

Could a Chinese CBDC displace the dollar as the global reserve currency, undermine the U.S. sanctions regime or provide the Chinese government with the ability to increase surveillance on citizens?

This briefing note is drafted to summarize key developments and analyze some of the consequences for debates around data privacy, competition and cloud service providers.

On September 24, 2020, the European Commission published a package of digital finance strategy and legislative proposals.

Libra’s refreshed white paper provides for a series of single-currency coins and greater regulatory oversight, but still leaves questions on KYC, monetary sovereignty for EMs, and the role of Facebook.