It covers payments, savings, credit and insurance, rather than simply opening an account.
Financial inclusion
In a nutshell
Financial inclusion means access to suitable, affordable financial services that people actually use.
On this page
Explained simply
A practical example
Hypothetical example: a rural trader can receive payments and save through an accessible provider at fees she can afford.
Further reading
Source: World Bank — Financial inclusion.
Try it yourself
Compare two situations
Choose a situation to see its outcome, then test your understanding.
What this means
If the service is too distant or costly, opening an account alone does not ensure effective inclusion.
Educational scenarios. Amounts and rates are fictional, not current market conditions.