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.

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Our latest content on financial inclusion

WSBI-ESBG Extend Solidarity and Call for Continued Support in the Aftermath of Morocco Earthquake

Continued Support in the Aftermath of Morocco Earthquake

ESBG 2023 Financial Education Conference

24 October 2023 - In person

ESBG responds to Commission’s call for feedback on its legislative package on CMDI

On 31 August, ESBG shared its feedback with the European Commission on the legislative package which aims to review the Crisis Management and Deposit Insurance

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