Digital Financial Inclusion

Review

“Toward Digital Inclusion and Sustainable Finance for All.” by Peter Goldfinch is a comprehensive guide to understanding the transition of financial services from cash-based to digital-based systems, with a focus on financial inclusion. The book covers various aspects of digital payments, including the technology and infrastructure required to build digital payment systems, as well as the regulatory and governance frameworks that enable their operation.

The author provides insights into the challenges and opportunities associated with the transition to digital financial services, particularly in emerging markets where financial inclusion is a pressing need. The book also discusses the role of various stakeholders, such as governments, central banks, financial institutions, and mobile network operators, in promoting digital financial inclusion.

Goldfinch provides practical examples of how digital financial services have been implemented in different countries, highlighting their successes and challenges. He explores the benefits of digital financial services, including increased financial inclusion, improved efficiency, and reduced costs. The book also discusses the potential risks associated with digital financial services, such as cybersecurity threats, and the need for robust risk management frameworks.

Overall, “Financial Inclusion – Transition to Digital” is a valuable resource for policymakers, regulators, financial institutions, and anyone interested in understanding the transition to digital financial services. The book provides a detailed analysis of the various aspects of digital payments and offers insights into how digital financial inclusion can be achieved in a sustainable and effective manner.

Review by Ross McIntyre