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Toward financial inclusion: Shaping a national strategy for the UK

The Payments Association

The Governments decision to develop the Strategy reflects the growing number of financially vulnerable consumers in the UK. million people now live in financially vulnerable circumstances across the UK, up 16% from 17.5 Research conducted by Aberdeen PLC found that 23.3 Government research highlighted that there are 11.5

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Which Fintech Sub-sectors Will Have the Biggest Impact on People’s Financial Well-being in 2025?

The Fintech Times

By automating traditionally manual processes, banks can lend to more borrowers, especially small businesses and underserved communities. “Financial wellness platforms will continue to empower individuals, offering tools for budgeting, saving, and investing that adapt to personal circumstances. .”

FinTech 64
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Are Fintechs Exploiting the ‘For Good’ Mantra?

The Fintech Times

Many fintechs and financial institutions often make big claims that they can enhance support to the previously underserved, positively impact the environment, or improve peoples lives in many other ways. But often, firms fall short of these claims.

FinTech 64
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Visa, GSMA Launch Digital Finance Inclusion Initiative for 20 Million People Globally

Fintech News

These include the provision of financial education resources via a mobile literacy toolkit, joint research efforts focused on financial inclusion, the digitisation of smallholder farmers and small enterprises to facilitate their use of digital financial services, and support for financial inclusion among refugees and their host communities.

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Fintech is Failing at Financial Inclusion for Women

Fintech News

Findings of a 2021 research by the Bank for International Settlements show that this disparity is not limited to payments, pointing to a similar gender gap of 8% points in the adoption of a broader set of services, such as lending, insurance and investment.

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More Than Half the Fintech Industry Seeing Growth from Strong Consumer Demand

Fintech News

In Asia Pacific, the lack of a skilled workforce and poor digital and financial literacy were also factors, however this trend can also be observed globally. The commitment to financial inclusion remains a cornerstone of the fintech value proposition.

FinTech 143
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Visa and the GSMA Mobile for Development Foundation Launch Digital Finance for All Initiative

Fintech Finance

“Together with the GSMA Foundation, we seek to empower those in underserved communities across the world and provide equal access to help build better financial futures for all.” Mobile money can play a transformative role in advancing financial inclusion and resilience for the nearly 2 billion people who remain unbanked globally.