By BUUMBA CHIMBULUTECHNOLOGY-DRIVEN policies being implemented by members states of the Common Market for Eastern and Southern Africa (COMESA) such as Zambia will increase levels of financial inclusion in the region.This will therefore have a positive impact on the livelihoods of Micro Small and Medium Enterprises (MSMEs) and uplift economies out the current Covid-19, according to the Bank of Zambia Governor, Christopher Mvunga.Mr Mvunga stressed that financial inclusion mattered most for central banks as it had implications on monetary and financial stability.In this regard, the Governor predicted an increased financial inclusion due to policy priority and emergence of technology which was reducing transaction costs, thereby increasing MSMEs in the COMESA region.“Mobile and digital technologies provided by FinTechs and Telcos re increasing, allowing more people to have access to digital financial services, who would otherwise be excluded from the traditional banking system,” he said yesterday at the 2nd Digital Financial Inclusion Public Private Dialogue.Mr Mvunga stressed […]
BOZ PREDICTS FINANCIAL INCLUSION BOOM
