"SMEs play a major role in economies, however lack of access to finance in many cases is a critical barrier for them. Digital financial services (DFS) can help close the financing gap for SMEs, by providing access to alternative sources of funding and improving access to traditional players by enabling new digital products and process automation. However, there are obstacles and challenges that make it difficult for SMEs to fully adopt digital financial products. Policy and regulatory approaches can facilitate access to finance for SMEs through DFS."

This technical note was prepared by WB in English language. Click here to access its full version.

Source: World Bank

Illustration: Maria Lopez (World Bank) and Sensical Design