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What Is Financial Inclusion and Why Do We Need It?


The future of finance can be brighter if it’s accessible to the widest swath of society. Broad-based financial inclusion is the enabler of the Sustainable Development Goals, and achieving it is of utmost importance today.
Digitalization spans the world across different industries and verticals. The financial industry is not an exception. We’re fast-moving to the cashless future and digital financial operations. We used to think it was for the better. Yes, it’s for the better indeed if speaking generally, but not for all. Whom does the existing financial system usually exclude? You might be surprised, but it’s hundreds of millions globally. 
All these people don’t have checking or savings bank accounts. Consequently, they can’t benefit from digital financial disruptions. The lack of documentation, high costs, long distances, and general distr …

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