The Informal Economy Could Get A Boost From Fintech ...Middle East

Long viewed as a barrier to market development and fiscal sustainability, a dynamic informal economy is increasingly being recognised as an important source of resilience and a target for financial technology (fintech) services. The informal economy accounts for approximately one-third of economic activity in emerging markets, compared to 15% in more mature markets, underscoring its outsized impact. Also known as the “shadow” or “grey” economy, the informal sector comprises legal activities that contribute to the economy…

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