WSBI ESBG
Financial Inclusion
WSBI and ESBG members are committed to building a financially inclusive society.
Enable financial inclusion around the world
Financial inclusion is a building block for both poverty reduction and opportunities for economic growth, with access to digital financial services critical for joining the new digital economy. Financial inclusion facilitates day-to-day living, and helps families and businesses plan for everything from long-term goals to unexpected emergencies. As accountholders, people are more likely to use other financial services, such as savings, credit and insurance, start and expand businesses, invest in education or health, manage risk, and weather financial shocks, all of which can improve the overall quality of their lives.
1.7 billion adults worldwide don’t have a basic transaction account.
While 1.2 billion people have opened a financial account since 2011, there are still an estimated 1.7 billion adults worldwide (or 31% of adults) who don’t have a basic transaction account. Globally, two-thirds of adults without an account cite a lack of money as a key reason, which implies that financial services aren’t yet affordable or designed to fit low-income users. Other barriers to account-opening include distance from a financial service provider, lack of necessary documentation papers and lack of trust in financial service providers.
Our latest content on financial inclusion
Study Visits on Postal Transformation hosted By Tanzania Commercial Bank
In line with WSBI’ s ongoing commitment to addressing the primary concerns of its African sub-working groups—Financial Inclusion, Digitalization, and Postal Transformatio
Banking and Technology Network (BTN)
On 21 March 2024, at 10:00-12:00 CET
ESBG’s response to the EFRAG Comment Letter on Financial Instruments with Characteristics of Equity
On 29 November 2023, the International Accounting Standards Board (IASB) proposed amendments in an Exposure Draft to tackle
The CSDDD dilemma or how to choose between Kant and Machiavelli?
“The European Union is currently facing a Machiavellian moment in History” according to Thomas Gomart, the director of the French Institute of Foreign Affairs (IFRI)[1]. Indeed, the European Union is…
