KEY OBJECTIVES AND POLICY IMPLICATIONS

This report was developed based on (1) an examination on policies, regulations, and current practices in digital ID and e-KYC for FDP financial inclusion in Rwanda, Mauritania and eSwatini and (2) key informant interviews with stakeholders representing national governments, international organizations, and the private sector.

THE KEY OBJECTIVES OF THE REPORT ARE:

1

TO ASSESS THE CURRENT STATE OF IMPLEMENTATION: the report provides insights into the extent of digital ID and e-KYC implementation for the financial inclusion of FDPs in the three countries, while also discussing the risks and opportunities

2

TO EXPLORE DATA PROTECTION AND DATA PRIVACY POLICIES: the report showcases the data protection policies, laws, and regulations that ensure the privacy and safety of FDPs

3

TO PROVIDE ACTIONABLE POLICY RECOMMENDATIONS FOR LEVERAGING DIGITAL ID AND E-KYC TO ADVANCE THE FINANCIAL INCLUSION OF FDPs: the report elaborates on the distinct financial needs and circumstances of FDPs, and recommends considerations for financial policymakers and regulators who intend to addressing those needs.

Based on an analysis and synthesis of the three country case studies, this report discusses the main challenges and bottlenecks preventing the wider adoption of digital ID and e-KYC to advance the financial inclusion of FDPs, and presents actionable policy recommendations that can be implemented by other financial policymakers and regulators addressing FDP financial inclusion.