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Financial
Inclusion
Fintech, Financial Inclusion
By Hosam Dahb
Fintech Knowledge Hub
What is Financial
Inclusion?
Financial inclusion means that
individuals and businesses have access
to useful and affordable financial
products and services that meet their
needs – transactions, payments,
savings, credit and insurance –
delivered in a responsible and
sustainable way.
Contoso Ltd.
Financialproductsand services
Transfers
Demotic and cross borders
with local and foreigner
currencies.
Payments
Utilities, installments and
loans payments
Savings
Money saving in banks
Credit
Credit Money and Debt
Markets
Insurance
Insurance covering
different types of
industries and risks.
3
Contoso Ltd.
Formal Vs. informal economy
○ What is formal and informal economy?
○ Informal economy is 30-70% of the countries economy.
○ In Egypt the informal economy is about 395 billion dollars,
equivalent to 2.6 trillion Egyptian pounds which is about 50%
from the whole economy.
4
Contoso Ltd.
Governmental facilities to encourage the movement from
informal to formal economy:
1. Offer financial facilities
2. Facilitating the procedures of doing business (licensing, registration, building permits, cost of doing business in
general)
3. Providing free lands or at nominal prices.
4. Extending the social Insurance umbrella to include employment sector.
5. Implementing the comprehensive health insurance system to include workers in this sector.
6. Providing technical and financial support to the micro-enterprises to improve their production efficiency.
7. Reviewing labor laws to give them enough flexibility to employ workers in the formal sector.
8. Develop awareness of the benefits of joining the formal sector, in terms of the possibility of dealing with the banking
sector and benefiting.
5
Contoso Ltd.
Financial Inclusion important dimensions:
6
Financial
Inclusion
Social
Economic
Technological
Regulations
Contoso Ltd.
Governmental support:
7
Financial
Inclusion
Regulations
Infrastructure
Governmental
services
Transformation
Thank You

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Financial inclusion

  • 1. Financial Inclusion Fintech, Financial Inclusion By Hosam Dahb Fintech Knowledge Hub
  • 2. What is Financial Inclusion? Financial inclusion means that individuals and businesses have access to useful and affordable financial products and services that meet their needs – transactions, payments, savings, credit and insurance – delivered in a responsible and sustainable way.
  • 3. Contoso Ltd. Financialproductsand services Transfers Demotic and cross borders with local and foreigner currencies. Payments Utilities, installments and loans payments Savings Money saving in banks Credit Credit Money and Debt Markets Insurance Insurance covering different types of industries and risks. 3
  • 4. Contoso Ltd. Formal Vs. informal economy ○ What is formal and informal economy? ○ Informal economy is 30-70% of the countries economy. ○ In Egypt the informal economy is about 395 billion dollars, equivalent to 2.6 trillion Egyptian pounds which is about 50% from the whole economy. 4
  • 5. Contoso Ltd. Governmental facilities to encourage the movement from informal to formal economy: 1. Offer financial facilities 2. Facilitating the procedures of doing business (licensing, registration, building permits, cost of doing business in general) 3. Providing free lands or at nominal prices. 4. Extending the social Insurance umbrella to include employment sector. 5. Implementing the comprehensive health insurance system to include workers in this sector. 6. Providing technical and financial support to the micro-enterprises to improve their production efficiency. 7. Reviewing labor laws to give them enough flexibility to employ workers in the formal sector. 8. Develop awareness of the benefits of joining the formal sector, in terms of the possibility of dealing with the banking sector and benefiting. 5
  • 6. Contoso Ltd. Financial Inclusion important dimensions: 6 Financial Inclusion Social Economic Technological Regulations