Around 2 billion people don’t use formal financial services and more than 50% of adults in the poorest households are unbanked. Financial inclusion is a key enabler to reducing poverty and boosting prosperity. WBG President Kim has called for Universal Financial Access (UFA) by 2020. We're scaling up support to reach an additional 1bn people, and are working with partners to achieve UFA.
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April 26, 2015 — There is potential to further leverage technology to boost financial inclusion, write Onno Ruhl, WB India country director, and Gloria Grandolini, WB sr. director for finance and markets.Read More »