A new normal will require Islamic fintech to address financial inclusion
This article is produced and sponsored by the Malaysia Digital Economy Corporation (MDEC).
It is evident that there has been a sudden spike in the adoption of digital technology. Young innovative digital businesses that were looking for a foothold have begun to receive traction. The COVID-19 pandemic has been an unexpected catalyst, similar to the Global Financial Crisis in 2008-2009 which provided the impetus to growth of fintech. This global crisis now may well be a boon to businesses promoting digital financial inclusivity as countries look for solutions to rebalance the socio-economic equation arising from wreaked economies.
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Malaysia Digital Economy Corporation (MDEC)