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Global Microscope 2016
Report

Global Microscope 2016

The Enabling Environment for Financial Inclusion

EIU, 2016 more...

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Editorial Rating

8

Qualities

  • Eye Opening
  • Background

Recommendation

Providing low-income populations in developing markets with access to savings and checking accounts, loans, and other financial services is a major step toward opening up economic opportunities for entrepreneurs and individuals. Since 2006, mobile banking and other technologies have dramatically expanded progress in this area. At the same time, enormous disparities in access remain. getAbstract recommends this enlightening article to bankers, government officials and others interested in how developing economies are extending the availability and use of financial services among their populations.

Take-Aways

  • According to a recent benchmarking analysis of 55 developing countries, Colombia, Peru, India and the Philippines lead in promoting and increasing financial inclusion.
  • Even with sufficient access to financial services, however, penetration among impoverished populations remains low in many areas.
  • While regulations are robust, governments’ abilities to enforce them, along with consumer protections, are limited.

About the Author

The Economist Intelligence Unit is an independent research and analysis organization.


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