How are you working to help achieve full financial inclusion? When you think about financial inclusion, let’s not forget about that last mile, the extreme poor. Because if we can develop products and services that will work for them, it will work for rest of the excluded.
To push forward on this front, we are leading a global campaign to partner with institutions around the world through “Campaign Commitments”–specific, measurable, and time-bound actions–to help 100 million families lift themselves out of extreme poverty. This is financial inclusion that reaches the extreme poor.
Originally posted on Center for Financial Inclusion Blog:
> Posted by Center Staff
Expanding financial inclusion to the 2.5 billion unbanked individuals around the world is essential, but why does it matter, and is it possible in the next six years?
In recent years, the inclusion movement has achieved critical support and rapid progress. Last year universal financial access by 2020 was endorsed by World Bank President Jim Kim. Technology-enabled business models are catalyzing outreach, building on infrastructure like the mobile phones now accessible to six of the world’s seven billion people.