Financial inclusion. What do people mean when they use that term? Is it a social movement or is it a business opportunity to address the needs of a vast market of people who have no bank accounts, credit, or access to eCommerce? The simple answer would be yes to being both a social movement and a business opportunity. Financial inclusion has been a hot topic in recent years, and social and technological forces are converging to make it a significant part of economies in emerging markets.
Once again, I had a chance to speak with David Halpert, founder of Prince Street Capital Management, to get his perspective on the meaning of financial inclusion. What it means to these economies, to people who are either, ‘unbanked’ or ‘under-banked’, and how these trends present an investment opportunity. And he contextualizes these trends as part of the larger DigDec, i.e. Digital Decolonization, trend being espoused by Prince Street Capital Management. This is another don’t-miss episode.
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