Fintech and MAPs Join Forces in Inclusive Finance!
Now, let us talk about Fintech and MAPs in financial inclusion. The role that Fintech has played toward financial inclusion has been that of a game-changer, more so in accomplishing the objectives of microenterprise accelerator programs. In improving access to financial services, surmounting traditional barriers, and enabling economic empowerment for various entrepreneur participants of such micro-accelerators, the contribution of Fintech innovations is very rudimentary. Here is a quick outline of how Fintech and micro-accelerator programs intersect to further financial incorporation: 1. Better access to finance: Fintech innovations in mobile banking, digital wallets, and/or peer-to-peer lending platforms have drastically improved access to finance amongst underserved groups and segments. It eases access to financial services, banking, and credit facilities through this tech, even the opening of savings accounts for participants of the micro-accelerator program. This empowers them in e