Excellent article, Greta and couldn’t be more timely! Thank you. This point in particular resonated with the MIX team working on inclusive fintech: “Given all the enthusiasm and money flooding into fintech for financial inclusion, I think it is important for the development community to pause and reflect on how our work fits into this fast-moving new universe. To my mind, poor people are the critical piece of this equation.”
We’ve heard time again that people see the potential for fintech to improve how poor households access and use financial services in their daily lives – but that they’re not sure how to measure or evaluate whether fintech companies are in fact doing that. MIX is working with a group of fintech stakeholders to help define and measure this so that we’re all better equipped to understand what an inclusive fintech looks like. We’re looking forward to the discussion your essay has sparked!