OP-ED: How The Payments Industry Is Working To Improve Financial Inclusion

Forbes | January 13, 2021

Financial inclusion is receiving increased attention in the U.S. and worldwide as governments and the private sector look to advance solutions that ensure consumers have access to vital financial services to manage their everyday lives.

Financial inclusion is both quantitative and qualitative. It is not just about getting money, credit and financial services into the hands of low-income or vulnerable populations. It also means guaranteeing that services are affordable and appropriate for the populations in question. This may mean financial education, “microfinance” or assisting individuals in establishing a credit history through the use of appropriate alternative data.

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