Challenges for Fintech and the unbanked

May 24, 2017 Blog  Financial Inclusion , FinTech

india

 

 

The Director of Digital Financial Services Innovation Lab, Jake Kendall explains why he thinks that challenges are immense and progress is slow.

He believes Fintech must overcome:

  • Lack of infrastructure and efficient cloud services
  • Users who don’t have a digital footprint
  • Consumers who lead chaotic and cash-based lives

However, there is a Fintech company in India who is facing all of these challenges. You can read about it here.

Image: Jérémy via Flickr (CC 2.0, resized)

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