European Microfinance Week Wraps Up with Debate on Digital Finance's Threat to Traditional Microfinance

23 Nov 2016

European Microfinance Week (#emw2016), organized by the European Microfinance Platform (e-MFP) on its tenth anniversary, concluded Friday in Luxembourg, after having brought together over 470 opinion-leaders, top management of banks, funds and other financial institutions, practitioners, academics, analysts, raters and industry commentators to present key innovations, challenges and the work conducted in the previous year by e-MFP’s several dedicated Action Groups.

EMW 2016 included three plenaries: the opening one introducing the finalists of the 7th European Microfinance Award, another on Microfinance and Housing – the topic of next year’s 8th Award, and the closing plenary on Digital Finance, at which speakers and audience tackled a series of debate questions, including whether digital financial services pose an "existential threat" to microfinance: are digital financial payments just jumped up payments and automated loan sharking?

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