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Leading FinTech Research and Education in Asia

Reg/Tech Lab

A global research & educational lab focusing on Finance, Innovation, Regulation, Sustainability and Technology.  

MSME Access to Finance:

The Role of Digital Payments

As micro, small and medium sized enterprises (MSME)s continue to strengthen economic growth across the Asia Pacific, digitalisation’s impact can not only encourage stronger financial accessibility for vulnerable ventures but also demonstrate technology’s potential toward digital economies.

Digital payment enhancement remains one of the top priorities for government-led measures to support financial inclusion. These initiatives can come from CBDCs and its opportunity to improve MSMEs’ capabilities, especially for women-led groups to harness better digital operability and benefit in a level playing field.

MSMEs are crucial for both the unbanked and underserved globally, particularly in the Asia-Pacific region. MSME Access to Finance: The Role of Digital Payments examines the opportunities in digital payments and the challenges in theories of regulations which may have effects on such enterprises’ financial service assistance for these communities.

This report is commissioned by the United Nations Economic and Social Commission for Asia and the Pacific (ESCAP), prepared by Douglas Arner, Sijuade Animashaun, Kuzi Charamba and Yixiao Cai.

UNESCAP, MSME Financing Series | 1 June 2022 


Prof. Douglas W. Arner

University of Hong Kong


Sijuade Animashaun

University of Hong Kong


Kuzi Charamba

University of Hong Kong

Yixiao Cai.png

Yixiao Cai

University of Muenster; Frankfurt School of Finance & Management


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Law, Innovation, Technology and Entrepreneurship Lab at the University of Hong Kong's Faculty of Law (LITE Lab@HKU) is an interdisciplinary and experiential programme that seeks to foster experiential learning and impactful applied research in emerging law of technology initiatives and innovative technology of law initiatives through lawtech and regtech projects bridging students and not-for-profit organisations for access to justice as well as with legal departments, startups and law firms.

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