From FfD4 commitments on digital finance to concrete policy action
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The Compromiso de Sevilla, the outcome document of the 4th Financing for Development Conference (FfD4) highlights the importance of digital technologies for financial inclusion. It outlines three central insights – concerning financial inclusion, consumer protection and regulations, and competition rules – that provide general guidance for policy-makers with regard to digital finance. These considerations point in the right direction as they adequately reflect the fine line between maximising benefits from access to digital financial services (DFS) and mitigating negative, unintended consequences. …