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AFI INCLUSIVE FINTECH SHOWCASE
ABOUT THE 2020 EDITION
3. Digital payments in the crisis response: Solutions enhancing cost-efficiency digital payments.
Due to the current COVID-19 pandemic and travel restrictions, the AFI Management Unit decided to proceed virtually with this Initiative. The Showcase highlighted to AFI's members the potential of FinTech and RegTech solutions to contribute to effective COVID-19 crisis response and recovery. Based on that current context, and compared to the 2019 edition, some themes were added. It was established that the organizations should meet at least one of the following criteria: 1. Youth: Solutions facilitating financial access for youth entrepreneurs. 2. Supporting MSMEs through the COVID-19 crisis: Solutions facilitating financial access for MSMEs.
4. Innovative cross-border payments remittances: Innovative cross-border payments remittances, particularly in corridors impacted by global bank derisking. 5. Financial Health & Lifetime Planning: Solutions supporting the ability of low-income individuals and communities in developing countries to plan and build financial resilience across the lifecycle and cope with financial shocks. 6. Digital identity for disadvantaged groups: Solutions enabling disadvantaged groups (as defined by AFI’s Kigali statement)8 to onboard efficiently to a range of formal financial services. 7. Digital Financial Literacy: Solutions which build enhanced digital financial literacy and contribute to strengthened cyber hygiene for low-income users in developing countries. 8 AFI, 2019, “Kigali Statement: Accelerating Financial Inclusion for Disadvantaged Groups”. Available at: www.afi-global.org/ publications/3091/Kigali-Statement-Accelerating-Financial-Inclusion-forDisadvantaged-Groups.
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IDEMIA
ARIFU
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