Due to the development that the stock market is having and the rise of fintech, it is conducive for the country to create digital mechanisms that encourage investment and that these, in addition, promote financial inclusion.
This is what I considered yesterday Samuel Ramirezpresident of the Dominican Association of Fintech Companies (Adofintech)when speaking in the discussion “Route towards the digitalization of the Stock Market”, where he pointed out that we must find a way to increase banking use with fintech and through the Stock Market, especially with savings.
“Since everyone has access to a smartphone, if I digitize the issue of investment and access to the financial market, people from their phones can make any type of transaction, without having to travel,” he explained.
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He pointed out that if the country managed to achieve that the 80% of the population have financial services, which is where the most developed markets are, there would be a significant impact on investment.
He said that the plan is to build platforms to generate expenses and consumption, but also to create platforms to generate investment.
When referring to digital wallets, a digital payment system that stores payment information securely, he maintained that they have demonstrated their potential and effectiveness in other Latin American countries.
“A notable example is Payment Marketwhich has managed to reach 52 million users in Latin America, with focuses in Argentina, Brazil and Mexico. The platform continues to democratize access to investment and show how technology can facilitate control of personal finances.”
