Is Digital Transformation Improving Financial Inclusion? Here Is What We Found Out
Institutions of all types and sizes have embraced the new technologies to update their business and reach marginalized groups. Progress is uneven, but the opportunities are enormous.
Using Digital Payments to Push Financial Inclusion
Access to digital transactions leads to the financial inclusion of the unbanked, underbanked and vulnerable populations, while boosting the resilience and growth of micro, small and medium-sized businesses.
The Silver Economy: from Inclusive Responsibility to Thriving Business
Through the "silver economy", senior citizens are a source of business for the private sector. Financial inclusion of this growing population segment will create opportunities throughout the region.
The Digitization of Financial Cooperatives, a Must for Inclusion
The digitization of financial cooperatives, a fundamental component of the financial sector in the region, is accelerating. There are numerous examples of progress, from Ecuador to Jamaica, that provide grounds for optimism.
Amid the Pandemic, Governments and Multilateral Development Banks Must Continue Supporting Financial Institutions
Governments and multilateral development banks in Latin America & the Caribbean are playing a critical role in supporting financial institutions amid the pandemic, but must be ready to up the ante as the ultimate effects of the lockdown measures become evident in the financial sector, especially key microfinance institutions
Financial Institutions Are Withstanding the Crisis, but Uncertainty About the Future Persists
Financial systems in Latin America & the Caribbean are performing well in times of COVID-19, and are better prepared for the crisis than ever; however, this doesn't mean that they are immune, and a protracted downturn may test their resilience