5 CONCLUSIONS

Many countries in Africa have already witnessed how the introduction of innovative services, such as E-Money, can enhance access to much needed financial services to the unserved and underserved, driving financial inclusion ratios upward sustainably.

On the other hand, the advent of FinTech products, services, and business models are undoubtedly introducing additional risks into the financial system and bringing significant new challenges to supervisors in the Africa region and elsewhere.

As this policy framework demonstrates, by carefully developing a suitable approach and introducing changes to supervisory methods and tools, authorities can ensure that the potential benefits offered by FinTechs to promote financial inclusion are achieved in a responsible manner.