Prospects for financial technology for health in Africa
Issued Date
2022-01-01
Resource Type
eISSN
20552076
Scopus ID
2-s2.0-85136962616
Journal Title
Digital Health
Volume
8
Rights Holder(s)
SCOPUS
Bibliographic Citation
Digital Health Vol.8 (2022)
Suggested Citation
Lucero-Prisno D.E., Olayemi A.H., Ekpenyong I., Okereke P., Aldirdiri O., Buban J.M.A., Ndikumana S., Yelarge K., Sesay N., Turay F.U., Huang J., Kouwenhoven M.B.N. Prospects for financial technology for health in Africa. Digital Health Vol.8 (2022). doi:10.1177/20552076221119548 Retrieved from: https://repository.li.mahidol.ac.th/handle/20.500.14594/84803
Title
Prospects for financial technology for health in Africa
Author's Affiliation
University of the Philippines Open University
Xi'an Jiaotong-Liverpool University
Chinese University of Hong Kong, Faculty of Medicine
University of Sierra Leone
Kwame Nkrumah University of Science and Technology
University of Khartoum Faculty of Medicine
University of the Philippines College of Medicine
London School of Hygiene & Tropical Medicine
University of Port Harcourt
University of Uyo
Mahidol University
Obafemi Awolowo University
Global Health Focus Asia
Health Maintenance Organization in Africa
Xi'an Jiaotong-Liverpool University
Chinese University of Hong Kong, Faculty of Medicine
University of Sierra Leone
Kwame Nkrumah University of Science and Technology
University of Khartoum Faculty of Medicine
University of the Philippines College of Medicine
London School of Hygiene & Tropical Medicine
University of Port Harcourt
University of Uyo
Mahidol University
Obafemi Awolowo University
Global Health Focus Asia
Health Maintenance Organization in Africa
Other Contributor(s)
Abstract
Over the years, technology has revolutionized the operations of many industries, ranging from manufacturing and agriculture to financial institutions which are usually the first users of innovations. Owing to the recent technological trends in the financial sector, such as mobile money, artificial intelligence, and medical robotics, as well as the rapidly increasing human population and the emergence of new patterns of disease, it is necessary for the healthcare sector to adopt new strategies to deliver efficient and effective healthcare services. Financial technology (FinTech), a combination of financial services and technology, entails the incorporation of modern, innovative technologies by industries into their financial services. FinTech is an endless array of applications, products, and services which includes mobile banking, cryptocurrency, insurance, and investment apps among many others. Any enterprise that employs technology to enhance or automate financial services and processes is referred to as FinTech. This fast-growing industry serves the interests of both the business sector and the consuming public. There have been many applications and uses of FinTech, however, its employment in the field of health remains to be explored further and maximized, particularly in the developing world like Africa. This paper aims to explore the prospects of FinTech for healthcare in Africa.
