PAFIX 2019, already in its 6th round, has been a voice that has been calling on banks and financial institutions to take up digital inclusion as a means to help themselves as much as to help the under-served population of our region. But those traditional institutions moved cautiously until FinTech sounded the alarm. It was only then that the financial sector policymakers recognized the “game-changing” potential of digital financial inclusion. Now, global financial regulators have the opportunity and responsibility to set the standards for both the risks and rewards of FinTech.
Unbanked individuals are increasingly gaining access to financial services through digital channels that offer basic financial services at greater convenience and lower cost than traditional banks. New institutions and new collaboration methods are far reaching and efficient in creating the digital finance ecosystem.

KEY COMPONENTS OF DIGITAL FINANCIAL INCLUSION

“Digital financial inclusion” is the digital access to formal financial services for under-served populations. For such services to be suited to customer needs, at a cost affordable to customers and sustainable for providers, PAFIX 2019 will tackle its 4 key components:

  • Regulators who either make way for digital financial inclusion or will block the way to defend current positions of financial institutions.
  • Digital Transaction Platforms that enable customers to use a device to make/receive payment transfers and to store value electronically
  • Retail Agents who convert cash into electronically- stored value/transform stored value back into cash.
  • Enablers from both the government and civil society who provide programs that serve as a catalyst for faster growth.

Exhibitor Profile

  • Banks and Financial Institutions
  • E – Payment and M – Payment Platforms and Service Providers
  • Retail Service Providers
  • Payment Technology Providers
  • Government agencies
  • Infrastructure companies
  • Technology vendors- Mobile operators

Visitor Profile

  • Banking sector professionals
  • E – payment platform providers
  • Private sector industry leaders (both giants and start – ups)
  • Service providers
  • E – commerce Platforms and Service Providers
  • ATM Machine Manufacturers

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