The Zambia Institute of Banking and Financial Services has observed that some refugees residing in Zambia are running viable business models which can be replicated by local citizens in order to growth the economic.
Institute Chief Executive Officer Victoria Mumba says in an interview with Money FM that refugees can be a source of viable businesses capable of supporting national development.
Ms. Mumba says financial institutions are working on modalities that will provide suitable services and products for such populations.
She was speaking ahead of the Conference scheduled for the 9th and 10th of October 2019, to be held under the theme “Financial Inclusion in an Era of Digital Disruptions: Enhancing sector Transformation”.
Why Should You Attend This Banking & Finance Conference on 9th -10th Oct 2019?
Regulators around the world recognize the potential benefits of financial inclusion powered by digital financial solutions. But with new technology comes new responsibility. Further, digital transactional platforms yield benefits for financial inclusion by providing both a means to access additional financial services, and they also generate data that financial service providers can use to design financial products tailored to the repayment capacity and financial needs of the specific poor and low-income customer segments.
The Zambia Institute of Banking and Financial Services was established in 1992 with the objective of promoting professionalism within the Banking and Financial Services Sector.