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Financial Inclusion Leads To Economic Growth

Financial inclusion means that everyone has access to affordable financial services, which is fundamental to the sustainable growth and development of any country’s economy. ⠀

Financial inclusion starts with providing individuals with access to some form of transaction account through which they can make payments, receive funds and enable future saving. This leads to more empowerment, as people can plan for the future, grow their money and businesses, and access a number of other financial products.⠀

Bringing financial services to the previously unbanked contributes to economic growth by empowering people with a secure savings mechanism, and gives them access to credit facilities and insurance or other risk-mitigating products. These factors make people’s lives easier, enable social mobility and afford low income earners the opportunity to participate fully in economic life, making for a more equitable and prosperous economy.⠀


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