While mobile payment rates are growing, a massive proportion of the region’s population remain unbanked and thus lack access to savings, loans and other financial products that are the backbone of financial security and moving up the economic ladder.
Market exclusivity makes it all but impossible for many SMEs to get financing, while investors interested in social impact struggle to find projects that relate to their values. Digital platforms, backed by blockchain, can vastly improve the choices available.
Sustainable development funds are not reaching the smaller enterprises that need them most and are crucial for building a low-carbon economy. New digital platforms can help match green start-ups with suitable investors, but traditional markets must also lower barriers that keep SMEs out.