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Chapters 6 and 7 focus on two somewhat disparate payment systems: electronic cash, or e-cash, including stored value cards, and checks. E-cash, at least in the United States, is a relatively new phenomenon. While e-cash in the form of stored value cards that can be used at a variety of geographically dispersed businesses is not widespread in the United States, it is nevertheless a phenomenon that has drawn a great deal of interest. 1 Similarly, the use of the Internet for payment transactions has drawn much interest in this country, but the amount of its

Mr. Dmitry Gershenson, Frederic Lambert, Luis Herrera, Grey Ramos, Mrs. Marina V Rousset, and Mr. Jose L. Torres
Despite some improvement since 2011, Latin America and the Caribbean continue to lag behind other regions in terms of financial inclusion. There is no clear evidence that fintech developments have supported greater financial inclusion in LAC, contrary to what has been observed elsewhere in the world. Case studies by national policy experts suggest that barriers to entry in the financial sector, along with a constraining regulatory environment, may have hindered a faster adoption of fintech. However, fintech development seems to have accelerated in the wake of the COVID-19 pandemic and with the support of recent policy initiatives.