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Financial inclusion for small businesses in the digital economy

Anju Patwardhan,Standard Chartered’s global Chief Innovation Officer | May 3, 2016
Can digital plug the SME credit funding gap and support financial inclusion?

Governments and regulators have been supportive of financing needs for this sector and more is being done through further regulatory reforms and co-funding schemes. The linkages between economic growth, financial stability and innovation are clear.

Policymakers, banks and technology together can solve the industry's one-size-fits-all problem for small business needs and create commercially viable, technology-driven business models for MSMEs, thereby supporting the financial inclusion agenda at a time when it is needed more than ever.

 

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