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dc.titleFinancial Inclusion and FinTech in Suriname
dc.contributor.authorChotelal, Shreshta
dc.contributor.authorDukharan, Marla
dc.contributor.authorKhadan, Jeetendra
dc.contributor.authorMarchand, Melissa
dc.contributor.orgunitCountry Office in Suriname
dc.coverageSuriname
dc.coverageThe Caribbean
dc.date.available2022-02-15T17:02:00
dc.date.issue2022-02-15T00:02:00
dc.description.abstractThis paper examines the potential role FinTech can play to support Surinames financial inclusion efforts. Financial technologyor “FinTech”describes the integration of technology into financial services to improve their use and delivery to customers. More importantly, it has the potential to meet the needs of those population segments that are not the main target of traditional financial services models. FinTech applications include mobile banking, mobile money, point-of-sale, e-commerce, and digital currencies. These solutions have contributed to financial inclusion, strengthening financial development, economic growth, poverty reduction, and socioeconomic development. We find that Suriname is making progress in promoting the development and use of FinTech. Still, there is room for further improvement, especially in fostering an enabling environment to harness FinTech opportunities, strengthening broader financial sector policies, addressing potential risks, promoting international collaboration, and addressing critical country-specific challenges.
dc.format.extent37
dc.identifier.doihttp://dx.doi.org/10.18235/0003988
dc.identifier.urlhttps://publications.iadb.org/publications/english/document/Financial-Inclusion-and-FinTech-in-Suriname.pdf
dc.language.isoen
dc.publisherInter-American Development Bank
dc.subjectFintech
dc.subjectFinancial Service
dc.subjectFinancial Sector
dc.subjectSmall Business
dc.subjectEconomy
dc.subjectPandemics
dc.subject.jelcodeG01 - Financial Crises
dc.subject.jelcodeG21 - Banks • Depository Institutions • Micro Finance Institutions • Mortgages
dc.subject.jelcodeH6 - National Budget, Deficit, and Debt
dc.subject.jelcodeO1 - Economic Development
dc.subject.jelcodeE5 - Monetary Policy, Central Banking, and the Supply of Money and Credit
dc.subject.jelcodeE6 - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook
dc.subject.keywordsFinancial Access;Financial Sector Development;Suriname
dc.typeTechnical Notes
idb.identifier.pubnumberIDB-TN-02426
idb.operationSU-P1130
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