Given the increasingly digital environment for financial products and services and the potential for digitalisation to support greater financial inclusion and inclusive growth, the need for effective financial consumer protection is more important than ever. It is equally important that the policies and approaches developed and adopted by financial consumer protection authorities need to evolve and adapt in line with the environment. This policy guidance is for consideration by policy […]

As the biggest economy in Africa with one of the largest youth populations in the world, Nigeria is well-positioned to develop a strong digital economy. This would have a transformational impact on the country. In order to reap the benefits, Nigeria needs to focus on accelerating improvements in five fundamental pillars of a digital economy: digital infrastructure, digital platforms, digital financial services, digital entrepreneurship and digital skills. The Nigeria Digital […]

Fintech investment is booming. In 2018, a record USD 111.8 billion1 was invested in fintech, and the sector garnered extensive media coverage and interest. But despite fintech’s growing profile—and even though it can help unlock trillions of dollars in value by reaching financially underserved households and businesses—fintech solutions have yet to reach the majority of the financially excluded. It is against this backdrop that we at MIX worked with MetLife […]

Digital technologies — especially connectivity, big data, and artificial intelligence, among others, are transforming every facet of the economy. With public sector expenditure in most countries accounting for anywhere from one-third to two-thirds of gross domestic product (GDP), it has become an imperative for governments to actively drive digitization efforts. Governments are beginning to play a key role in the digitization of their country’s economy which is impacting industry and […]