Transcription of DIGITAL FINANCIAL SERVICES - World Bank
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DIGITAL FINANCIAL SERVICES - World Bank
DIGITAL FINANCIAL SERVICES April 2020 Ceyla Pazarbasioglu, Alfonso Garcia Mora, Mahesh Uttamchandani, Harish Natarajan, Erik Feyen, and Mathew Saal Foreword Access to affordable FINANCIAL SERVICES is critical for poverty reduction and economic growth. Countries with deeper, more developed FINANCIAL systems have higher economic growth and larger reductions in poverty and income inequality. For poor people, access to and use of basic FINANCIAL SERVICES can improve incomes, increase resilience and improve their lives.
iii DFS Digital Financial Services DLT Distributed Ledger Technology DRC Democratic Republic of the Congo EAP East Asia and the Pacific ECA Europe and Central Asia EM Emerging Market EMDE Emerging Market and Developing Economy EMI Electronic Money Issuer EU European Union FATF Financial Action Task Force FCAS Fragile and Conflict Affected …
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