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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
ESBG addresses to Commissioner McGuinness on the review of the second Payment Services Directive
On 26 May, ESBG, in cooperation with other banking associations, sent a joint letter to Commissioner McGuinness regarding
Social Partners call for Parliamentary support in review of the Sectoral Social Dialogue Framework
On 26 May, 35 European Social Partners from a wide range of sectors requested support from the European Parliament in the review
Joint Statement on the Review of the Distance Marketing of Financial Services Directive
On 25 May, ESBG, in cooperation with other financial service associations including the European Banking Federation
Joint statement on the Data Act-Access to data by public bodies
In times of crisis, companies stand ready to do their part and help public bodies by sharing
ESBG responds to the EBA consultation on IRRBB supervisory reporting
ESBG submitted its response to the consultation launched by the European Banking Authority (EBA) on 2 May 2023 on its draft Implementing Technical Standards (ITS) on supervisory reporting with…
ESBG holds a record number of 22 sideline meetings during the Eurofi conference in Stockholm
As part of the Eurofi conference that took place from 26-28 April in Stockholm, WSBI-ESBG Managing Director Peter Simon, accompanied by ESBG staff members, organized
