A tool for financial inclusion, «also» in Spain. Proposal for a (social) FinTech model to ensure basic payment services based on electronic money

Authors

  • Moisés Menéndez Andrés Everis Intiatives

DOI:

https://doi.org/10.14422/icade.i101.y2017.007

Keywords:

social fintech, electronic accounts, financial inclusion, underbanking, account for basic payments

Abstract

Financial inclusion is essential to face poverty and inequality. Big efforts to promote the use of e-money have served in developed countries within this context, namely by means of electronic accounts for basic payments. These e-accounts are available today in Spain as FinTech solutions capable to mitigate financial exclusion and under-banking, guaranteeing the right of citizens to access a current account for basic payments as regulated in the EU Directive on bank accounts, not yet transposed in Spain. Its, contents are deemed to be insufficient in terms of social finance and reduction of financial vulnerability.

Author Biography

Moisés Menéndez Andrés, Everis Intiatives

Abogado-Socio

References

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IIDEM & Bays, J. (2010). Global Financial Inclusion. Achieving full financial inclusion at the intersection of social benefit and economic sustainability. Obtenido de http://www8.gsb.columbia.edu/leadership/sites/leadership/files/Global_Financial_Inclusion.pdf, acceso 3.04.2017.

Menéndez Andrés, M. (2017). FinTech y nuevas técnicas de financiación sostenible desde la óptica de la regulación del sistema financiero. Revista de Responsabilidad Social de la Empresa, 25, 91-106.

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Published

2018-02-08

How to Cite

Menéndez Andrés, M. (2018). A tool for financial inclusion, «also» in Spain. Proposal for a (social) FinTech model to ensure basic payment services based on electronic money. Icade. Journal of the Faculty of Law at Universidad Pontificia Comillas, (101). https://doi.org/10.14422/icade.i101.y2017.007

Issue

No. 101 (2017): mayo-agosto 2017

Section

Monográfico. Experiencias

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