South Africa, Jan. 27 -- 1. Financial inclusion is becoming dynamic

With around five million South Africans now working in the gig economy and earning irregular incomes, and more than 13 million being part of the informal sector where financial information is not necessarily fed through to credit bureaus, access to responsible credit is still largely decided through static assessments and therefore remains limited.

Fintechs are moving towards dynamic inclusion models that evolve over time. Alternative credit data, such as payment consistency, spending patterns and account behaviour, is being used to build a more accurate and fair view of affordability. This allows access to grow as customers demonstrate positive financial behaviour, rat...