{"id":43100,"date":"2021-01-15T23:03:39","date_gmt":"2021-01-16T04:03:39","guid":{"rendered":"https:\/\/staging21.finca.org\/uncategorized-en-ca\/the-role-of-fintech-in-providing-light-during-a-time-of-darkness"},"modified":"2024-11-04T02:06:42","modified_gmt":"2024-11-04T07:06:42","slug":"the-role-of-fintech-in-providing-light-during-a-time-of-darkness","status":"publish","type":"post","link":"https:\/\/finca.org\/en-ca\/the-role-of-fintech-in-providing-light-during-a-time-of-darkness","title":{"rendered":"The Role of FinTech in Providing Light During a Time of Darkness"},"content":{"rendered":"

During a time in which the coronavirus led to trauma and dislocation, fintech\u2014shorthand for financial technologies\u2014provided a light in the darkness to many of the world\u2019s poorest people. And while the communities in which FINCA works<\/a>\u00a0likely won\u2019t see mass availability of vaccines\u00a0until 2022 at the earliest<\/a>, fintech at least is making their lives a little bit easier.<\/p>\n

FINCA Utilizes Fintech to Improve Access during COVID-19<\/h2>\n

Examples of advances at FINCA include the recent establishment of 130 new remote paypoints in Guatemala and the\u00a0launching of \u201cvirtual banking\u201d in Haiti<\/a>. These innovations make use of the fact that even in the world\u2019s poorest communities, cell phones are now ubiquitous. They make it possible for people to conduct business with a bank remotely, which used to require visiting a branch.<\/p>\n

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