In the past seven years, 1.2 billion people have gained access to basic financial services. In a new article, Kabir Kumar shares insights on the next wave of financial technology innovation.

“Despite high-level commitments and proactive government involvement, the fintech models that will make our goal of full financial inclusion by 2020 possible – and improve outcomes for billions more people – are more complex than those that delivered these gains based on 2G mobile technology. The next wave of fintech innovation will only flourish under a new paradigm of government action, based on smart provision of public infrastructure and smart, responsive rules.”

Read the full article here.