Pain Points in Financial Systems: Financial Inclusion
摘要
Financial inclusionFinancial inclusion means every citizen’s right to access vital financial services that can help build and protect your wealth against inflation, including bank accountsAccount, savings, credit, loans, equity, and insurance. The lack of access to financial services is closely linked to poverty, as it limits opportunities for wealth creation, investing, and protecting against crises. This can perpetuate cycles of poverty and widen inequality. An empirical study has shown that developing countries that show a steady increase in Financial inclusionInclusion show a continuous drop in the poverty rate.