Over 2.5 billion adults do not have access to quality, affordable financial services, using instead informal methods to save, borrow, and secure their assets. Access to finance also remains a considerable obstacle for small and medium size enterprises, as financial systems remain too underdeveloped to serve their needs. Challenges remain toward building a more inclusive financial sector that can spur economic growth and reduce poverty levels. Multi-stakeholder partnerships and technology are the two key factors that can help achieve broader financial inclusion.
In partnership with the World Economic Forum.
- Webcast:
- Feature story: Universal Financial Access 2020: 'Think About What We Need to Do Differently'
- Press release: Universal Financial Access Is Vital to Reducing Poverty, Innovation Key to Overcoming the Challenge
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