Fintech: financial inclusion for the tough times ahead

The increased cost of living affects people who not only lack financial means but struggle to access money. Using technologies, fintech companies have been able to deliver financial products and services in ways that traditional companies cannot. They have become part of the financial inclusion agenda. Terence Tse and Andrea Maria Cosentino argue that the burden of expanding financial inclusion should not be shouldered by private companies alone. They say governments also have a role to play to promote financial services to the underbanked.