Financial inclusion is crucial in fighting poverty, and government initiatives play a significant role in promoting it. Islamic banking emphasizes responsible and sustainable lending. While South Africa has a relatively high percentage of banked population, the challenge is to promote financial literacy and encourage people to move away from cash.

Highlights
*Government initiatives promote financial inclusion for the underbanked and the unbanked.
*Islamic banking emphasizes responsible and sustainable lending.
*South Africa has a relatively high percentage of banked population, but people still trust cash over digital payments.
*Financial literacy is crucial in encouraging people to keep their money in the financial services ecosystem.
*Fintechs can support financial institutions and the government in promoting financial inclusion and literacy.

Moderated by: Ehab Akel – Chief Retail Banking Consultant

Topic: Financial Inclusion Panel | Closing Financial Inclusion Gaps

Panelists:

- Sarah Ibrahim – Chief Financial Inclusion, Governance & Corporate Affairs Officer | Attijariwafa Bank Egypt
- Danielle Lawrence – Interim COO | Fintech Association of South Africa
- Moustafa Elshennawy – Head of Financial Inclusion | Faisal Islamic Bank of Egypt
- Amr Abdelhamid – Process Excellence & PMO Director | Erada Microfinance

#fintech #africa #financialinclusion #islamicbanking

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