There is a broad-based consensus on the part of governments and regulatory authorities in Latin America and the Caribbean (LAC) about the importance of boosting provision and uptake of digital financial services (DFS).
This forms part of a broader strategy to lift financial inclusion and, through pass-through effects, potentially to improve underlying economic conditions. The DFS sector in the region has seen rapid growth in recent years, albeit from a low base. This has incorporated both digital financial provision from traditional banks and also services from non-bank providers, including retailers, mobile money transfer firms and publicsector agencies.
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