Digital Financial Inclusion: Impact of Fintech on Economic Growth 1 August 2020

Project Name: Digital Financial Inclusion: Impact of Fintech on Economic Growth

Country: Türkiye

Start Date: 01-03-2020

End Date: 01-08-2020

Client Name: iyzico and Association of Digital Payment Service Providers (TODEB)

Project Details: 

This project aimed to assess the economic impact of increasing financial inclusion through fintech solutions in Turkey.

PAL conducted a diagnostic assessment of financial inclusion challenges in Turkey, producing scenarios for the potential impact of increased financial inclusion through fintech, and establishing policy frameworks. This encompassed the analysis of datasets related to the financial system, extensive literature review and in-depth interviews with experts. The findings are compiled in a final report that was presented to a wide audience including the Central Bank and the media. The findings centered on three aspects: (1) the vulnerabilities of the financial system in Turkey, (2) the economic impacts that may arise if fintech increases inclusiveness, and (3) policy recommendations to capitalize on fintech’s potential economic gains.

To access the report, click here.