Low and moderate income people around the world need financial services such as credit, savings, insurance, and payments to assist them in managing their lives and to build better futures for their families. However, very few have access to such services from formal financial service providers. Moreover, our concept of full inclusion goes beyond access to include a focus on the quality of services and the capability of clients to use them. Quality financial inclusion goes hand in hand with building a stable financial system, deepening the financial sector, and promoting broad economic participation and growth.
Financial Inclusion 2020 (FI2020) is a global multi-stakeholder movement to achieve financial inclusion, using the year 2020 as a focal point for action. Private sector players, regulators, industry developers, technology providers and other actors have come together to focus on reaching new and underserved markets with a full range of quality services.
Financial Inclusion: A state in which everyone who can use them has access to a full suite of quality financial services, provided at affordable prices, in a convenient manner, with respect and dignity. Financial services are delivered by a range of providers, in a stable, competitive market to financially capable clients.
FI2020 is a project of the Center for Financial Inclusion an action-oriented think tank working toward full global financial inclusion.
BY THE NUMBERS:
BENCHMARKING PROGRESS TOWARD
FINANCIAL INCLUSION
In this data-rich report, released in June 2015, we have let the numbers speak for themselves. CFI has drawn from the comprehensive Findex data as well as other sources to create 26 charts that show some of the most important aspects of global financial inclusion today. Our analysis highlights a few surprising trends regarding the disconnect between access and usage and resilience at different income levels. Additionally, you may enjoy the projections we have made that offer one scenario of what financial inclusion might look like in 2020.
BY THE NUMBERS:
BENCHMARKING PROGRESS TOWARD
FINANCIAL INCLUSION
The Global Microscope, now in its eighth year, has expanded its framework to measure financial inclusion beyond microfinance. The 2014 Microscope examines the inclusiveness of countries’ financial sectors by considering best practices in the national regulatory environment and institutional support in the safe provision of a wider range of financial products and services to low income populations.
FI2020 INCLUSION VISUALIZER
The Global Microscope, now in its eighth year, has expanded its framework to measure financial inclusion beyond microfinance. The 2014 Microscope examines the inclusiveness of countries’ financial sectors by considering best practices in the national regulatory environment and institutional support in the safe provision of a wider range of financial products and services to low income populations.
EXPANDING ACCESS TO QUALITYFINANCIAL SERVICES
Hear leading regulators and financial service providers share their views on whether full financial inclusion is possible by 2020 and how expanding access to quality financial services will improve lives around the world.