WSBI ESBG

Legal

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.

Trader in African market with card reader

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.

Read more

Our latest content on financial inclusion

Data Act – An open data economy should be multilateral and cross-sectoral

ESBG's response to the European Commission consultation on the proposed Data Act calls for a horizontal regulatory approach to establish a consistent and harmonised rules for all sectors. ESBG is the…

Overtime for Ukrainian war refugees: DSGV employees donate over 100,000 euros through extra work

European Savings and Retail Banking Group members are standing in solidarity with people in need in Ukraine.

Stand with Ukraine: Erste family provides extensive humanitarian aid

European Savings and Retail Banking Group members are standing in solidarity with people in need in Ukraine.

The German Savings Banks Association ( DSVG ): More than 100,000 accounts already opened for Ukrainian war refugees

European Savings and Retail Banking Group members are standing in solidarity with people in need in Ukraine.

CaixaBank has been leveraging its network of branches in Spain to assist asylum seekers and refugees fleeing Ukraine

European Savings and Retail Banking Group members are standing in solidarity with people in need in Ukraine.