Ryan Erenhouse | November 4, 2014 | Insights & Research/MastercardMasterCard just released “A Progressive Approach to Financial Inclusion,” a study measuring adoption and degree of usage of financial products for 30 countries globally. The study from MasterCard Advisors used a data-driven approach to demonstrate three key principles that will help inform the strategies to drive higher financial inclusion and realize its benefits. These principles represent new definitions and approaches to financial inclusion.
The study covers the entire adult population in the countries, including salaried employees, self-employed, owners of businesses, welfare/benefits dependent, and farmers. The findings of the study apply not only to consumers but also to businesses, especially small and medium-sized businesses. The study leverages current industry research and supplements it with additional secondary research and expert interviews.
This study is ideal for financial institutions doing business in these markets as well as governments trying to understand how to better navigate the financial inclusion opportunity.
More details on the study can be found at http://www.mastercardadvisors.com/financialinclusion/