Fintech

Why it matters

• Promotes financial inclusion by extending banking and credit services to unbanked and underbanked populations.
• Enhances operational efficiency and reduces transaction costs through automation and real-time processing.
• Fosters innovation in payment systems, lending models, and wealth management, challenging traditional banking paradigms.
• Strengthens the digital economy by facilitating secure, transparent, and rapid financial transactions.

How it is asked

Focus on the regulatory challenges posed by fintech, such as data privacy, cybersecurity, and consumer protection, as well as its role in achieving the government's objective of a less-cash economy.