> Posted by Center Staff
Expanding financial inclusion to the 2.5 billion unbanked individuals around the world is essential, but why does it matter, and is it possible in the next six years?
In recent years, the inclusion movement has achieved critical support and rapid progress. Last year universal financial access by 2020 was endorsed by World Bank President Jim Kim. Technology-enabled business models are catalyzing outreach, building on infrastructure like the mobile phones now accessible to six of the world’s seven billion people.
In the following video, global financial inclusion leaders explore the questions of whether financial inclusion is possible by 2020, and why we should work towards that goal.
The video features the following individuals:
- Ajay Banga, CEO, MasterCard Worldwide
- Cherie Blair, Founder, The Cherie Blair Foundation for Women
- Sendhil Mullainathan, Professor of Economics, Harvard University
- Mark Hookey, Founder, Demyst.Data
- Nick Hughes, Director of Strategy, M-KOPA
- Edward Effah, Managing Director, Fidelity Bank
- Bob Annibale, Global Head, Citi Microfinance & Community Development, Citi
- Jean-Claude Masangu Mulongo, Former Governor, Banque Centrale du Congo
- Elly Ohene-Adu, Head of Banking Department, Bank of Ghana
- Duvvuri Subbarao, Former Governor of Reserve Bank of India
- Martyn Parker, Chairman, Global Partnerships, Swiss Re
- Susie Lonie, Mobile Money Consulting Director, Consult Hyperion/SJLCS
To watch the video on our CFI YouTube page, click here.
Have You Read?
What Will You Do to Make Financial Inclusion a Reality by 2020?
A Global Challenge: Can We Achieve Financial Inclusion by 2020?
Financial Inclusion by 2020: Our Generation’s Equivalent of Putting a Man on the Moon
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January 28, 2014 at 12:07 pm
The Microcredit Summit Campaign
Reblogged this on 100 Million Ideas and commented:
How are you working to help achieve full financial inclusion? When you think about financial inclusion, let’s not forget about that last mile, the extreme poor. Because if we can develop products and services that will work for them, it will work for rest of the excluded.
To push forward on this front, we are leading a global campaign to partner with institutions around the world through “Campaign Commitments”–specific, measurable, and time-bound actions–to help 100 million families lift themselves out of extreme poverty. This is financial inclusion that reaches the extreme poor.
January 30, 2014 at 12:02 pm
zo'o evina narcisse
for me the first step to engage Financial institutions in Financial inclusion we must transform mind of thinking Financial service. to demonstrate his importance for the extreme poor it is necessary to use human right approach. in cameroon, we will organise in next days with the collaboration of the national commission of human right a seminar concerning the role of Financial institution on the promotion of human right. our objective is to prouve that Financial inclusion is a human right. in our country lot of micro finance locked and the impact of it isn’t really well measure. when Financial services are linked to human right we know how be excluded are a serious impact on the life of people particularly the poor people.