word

Financial Inclusion

fy-NAN-shul in-KLOO-zhun

/faɪˈnæn.ʃəl ɪnˈkluː.ʒən/

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Syllable breakdown

Financialinclusion

Dictionary meaning

The process of ensuring that individuals and businesses — especially the unbanked and underbanked — have access to useful and affordable financial products and services including transactions, payments, savings, credit, and insurance.

Examples

Mobile money platforms like M-Pesa have dramatically improved financial inclusion in East Africa.
The World Bank estimates 1.4 billion adults remain unbanked — financial inclusion is a global priority.

Synonyms: banking access, economic inclusion, unbanked access, microfinance

Pronunciation tips

Key enablers: mobile banking, digital identity systems, agent banking, microfinance. Fintech is seen as a major driver of financial inclusion for the world's unbanked populations.

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