Vol. 15 No. 3 (2024): COVID-19 and Its Impacts on Financial Inclusion in Developing Countries
The emergence of COVID-19 pandemic during 2019 has enhanced the significance of ensuring that the poorest and most vulnerable people must have access to formal financial services [FI], especially given their role in supporting inclusive economic recovery and resilience in affected developing countries. With demand for digital services has been skyrocketing during the pandemic, the developing countries have witnessed an enormous acceleration of digital transformation. Significant gaps remain between regions and within regions and countries themselves in African continent. It is true that the COVID-19 has bearing impact on technologies; digital finance; informational technology and mobile technology and the situation has been grim across developing economies. Furthermore, it has also provided opportunities for a strong and inclusive post-COVID-19 era. It is now up to us to seize these opportunities and the efforts of all concerned to transform the myth into reality.
Published:
2024-04-30
