Payment Aspects of Financial Inclusion

In recent years, a number of reports have been prepared by organizations on financial inclusion, a topic whose importance is increasingly being recognized. However, few of these reports have addressed what may be called the “payment aspects” of financial inclusion. In cases where the topics of payment systems and payment services have been raised in the context of financial inclusion, discussion has focused only on specific aspects of payments, such as mobile payments, rather than on the payment system in its entirety. Understanding payments in a holistic sense, including how individual elements relate to one other, is crucial to an understanding of financial inclusion and to promoting broader access to and usage of financial services. This report provides an analysis of the payment aspects of financial inclusion, on the basis of which it sets out guiding principles designed to assist countries that seek to advance financial inclusion in theirmarkets through payments.

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Bibliographic Details
Main Authors: Committee on Payments and Market Infrastructures, World Bank Group
Format: Book biblioteca
Language:English
en_US
Published: Bank for International Settlements and World Bank 2016-04
Subjects:financial inclusion, electronic payment services, financial literacy, transaction accounts, mobile ATMs, Project Greenback, transit payment schemes,
Online Access:http://documents.worldbank.org/curated/en/2016/08/26625119/payment-aspects-financial-inclusion
https://hdl.handle.net/10986/24806
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