Central Banking

Fintech could help financial inclusion - South African deputy governor

Francois Groepe – deputy governor – South African Reserve Bank

Fintech can increase a country’s growth potential while boosting financial inclusion for its citizens, the deputy governor of the South African Reserve Bank said.  

Speaking in Cape Town on November 27, Francois Groepe said shifting from an “industrial to a digital economy” was an opportunity for countries to “leverage innovation”.

“Fintech holds great potential which can meaningfully lift the growth potential of our economy and significantly improve efficiencies,” he said.

The South African

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