Global Financial Inclusion

Several interesting developments have emerged in the area of digital financial inclusion this month, highlighting both advancements and ongoing challenges. Here's a curated overview of the top articles that shed light on these trends:​

Financial Inclusion Must Reach the Last Billion - Project Syndicate

The opinion piece discusses how economic growth alone will not eradicate poverty. The number of people living in extreme poverty has fallen since 1990, but we still need to take a look at will bolster financial inclusion because poverty is not just about helping people earn more; it is about making it easier for them to access products and services.

The Role of Open Payments in Expanding Global Financial Access, Inclusion - The Nation

The Interledger Protocol (ILP) is mentioned in this article and how the rise of open payment standards is revolutionizing the way people interact with financial services. Standards like Open Payments offer seamless interoperability, reducing costs and enabling cross-border transactions, which have the potential to bridge the financial divide and unlock economic opportunities for millions.

Digital Tools for Underbanked Populations - Kiplinger

New technologies have the power to provide financial inclusion to everyone. Having financial services is the backbone for economic growth and stability for our world.

Mary Ellen Iskenderian’s mission to ensure one billion women have bank accounts - Reuters

Mary Ellen Iskenderian’s, CEO of WWB, discusses how the starting point on financial inclusion is unambiguous: women entrepreneurs in developing economies are woefully underfunded and lack anything like the level of credit required to realise their potential.

U.S. Faster Payments Council Report Explores How Digital Assets Can Advance Financial Inclusion - Fintech Finance News

The U.S. Faster Payments Council released a new report, Digital assets and Digital Ledger Technology: A Pathway to Financial Inclusiveness. The report examines how digital assets and technology can help financial exclusion and improve access to financial Services.