Definition & Focus
Why financial inclusion matters?
Financial exclusion refers to ”a process whereby people encounter difficulties accessing and/or using financial services and products in the mainstream market that are appropriate to their needs and enable them to lead a normal social life in the society in which they belong.
At the time of digitalisation and financialisation of the society, not having access to basic financial services are causes and consequences of social exclusion. Access to essentials goods and services such as housing, job, allowances, mobiity, health … requires increaslingly the access to financial services – payments and transactions, insurances, savings, pension. Unfortunately, these essential financial services are not made available for vulnerable groups of people whose, beacuse of that, are even more exposed to risk of exclusion.
Financial Inclusion is a process enabling people to have availability and equality of opportunities to access financial products and services they need to engage full citizenship.
Financial Inclusion Europe focus
We aim to analyse the root causes, understand the different aspects of the problem, the role played by each of the stakeholders, the dynamics and interests that drive them, the strategies likely to remove the main barriers to a resolution and provide workable policy recommendations.