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The 2nd FSD Kenya annual lecture on financial inclusion

December 8th, 2016
SUMMARY

Rafe Mazer was the speaker at the 2nd FSD Kenya annual lecture on financial inclusion. His presentation shared how we can develop our own “test and learn” – the way in which financial service providers and regulators collaborate to allow for new solutions – for consumer protection.

While flexibility and openness  to innovation have been key drivers of Kenya’s financial inclusion success, there comes a time when a market is mature enough that a less active policymaker role will not suffice. Mazer argued that what we need is a sufficient shift towards more active market supervision and policy action on consumer protection and competition to support a greater diversity of providers and product types, and maximise consumer welfare.

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