Inclusive FinTechs in Francophone Africa Côte d’Ivoire report
by MSC
Jul 23, 2020
1 min
The ecosystem in Côte d’Ivoire comprises 37 FinTechs alongside 18 enablers and funding partners. Inclusive FinTechs catalyze financial inclusion by providing convenience and ease of use of products and services. They represent a new paradigm of design and implementation strategies for financial inclusion. However, they also pose new challenges.
The key success factors for FinTechs to stimulate financial inclusion in Côte d’Ivoire are conducive regulations and product innovation that meet customers’ needs. Financial inclusion can increase with FinTechs through partnerships with incumbents, through simple solutions, and by enacting effective regulation.
The challenges for FinTechs include adequate funding, access to information, strategic partnerships, the need to build skills, and the adoption of local FinTechs by incumbents (for example, banks).
Link to the French report: #
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