AFI Members are Leaders in Financial Inclusion Policy
Two billion people lack access to formal financial services. Approximately 90% of the unbanked live in developing countries. Greater financial inclusion can bring these people into the financial mainstream, with positive effects on economic growth, financial stability and social cohesion. Many of the smartest policies for increasing access to formal financial services have been innovated in developing countries—those who live with the challenges of financial exclusion every day.
As demonstrated by mobile money transfer and payment services in Kenya and the Philippines, the use of correspondents to deliver banking services in Brazil, or the use of financial inclusion data for policy making in Mexico, developing countries hold the solutions to unleash the power of greater financial access. Peer-to-peer learning can help spread these innovations more widely and enable other developing countries to scale up successful financial inclusion policies.
