Why Fair Competition is Crucial for Ethiopia's Financial Inclusion Crusade
The idea that competition drives quality is especially relevant in the digital financial services (DFS) sector. Healthy competition benefits customers by fostering innovation, improving efficiency, lowering costs, expanding choices, and enhancing service quality.
However, despite reforms enabling fintechs and non-bank entities to participate in the market, challenges such as unfair trade practices, government favoritism, and limited competition are seen in the emerging scene.
Insights brought to you by Project AKOFADA
https://shega.co/news/why-fair-competition-is-crucial-for-ethiopias-financial-inclusion-crusade
The idea that competition drives quality is especially relevant in the digital financial services (DFS) sector. Healthy competition benefits customers by fostering innovation, improving efficiency, lowering costs, expanding choices, and enhancing service quality.
However, despite reforms enabling fintechs and non-bank entities to participate in the market, challenges such as unfair trade practices, government favoritism, and limited competition are seen in the emerging scene.
Insights brought to you by Project AKOFADA
https://shega.co/news/why-fair-competition-is-crucial-for-ethiopias-financial-inclusion-crusade