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LETTERS: Policies that can grow digital financial services
Digital financial services (DFS) have become the leading driver of financial inclusion for the unbanked. PHOTO | SHUTTERSTOCK
Kenya is known across the globe for its achievements on financial inclusion. FinAccess 2019 shows that formal inclusion is rising, making Kenya a leader in Africa, and putting it at par with many developed countries.
Digital financial services (DFS) have become the leading driver of financial inclusion for the unbanked. This explosive growth in the number and scale of DFS providers has fundamentally altered the country’s financial services landscape, making her one of the leading fintech hubs in the globe.