Publications

Opportunities and Risks in Digital Financial Services: Protecting Consumer Data and Privacy

31 Jul 2017
  • Responsible Finance Forum 2017

Responsible digital finance has continued to be a cross-cutting priority of the G20 Global Partnership for Financial Inclusion (GPFI) since 2014. A cornerstone of the Universal Financial Access (UFA) goals of the World Bank Group by 2020, responsible digital finance also seeks to help achieve the United Nations’ Sustainable Development Goals (SDGs) by 2030. Representing the G20 Presidency in 2017, Germany heightened the importance of digitization, and the topic of data protection/privacy and security was embraced by key implementing partners and […]

Remittances as a Driver for Women’s Financial Inclusion

22 Jul 2017
  • UNCDF
  • Shift

With the rapid development of the financial markets of Cambodia, Lao PDR, Myanmar and Vietnam, there has been significant growth in inflows of international remittances, which totalled US$17 billion in 2015 to these four countries, well outpacing the US$6.8 billion inflow of Official Development Assistance (ODA) (World Bank 2014). At the macro-economic level, these international remittance flows provide much-needed foreign currency exchange, stabilize the balance of payments, supplement ODA and […]

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Responsible Digital Payments Guidelines

21 Jul 2017
  • Better Than Cash Alliance

The Better Than Cash Alliance ‘Responsible Digital Payments Guidelines’ identify eight good practices for engaging with clients who are sending or receiving digital payments and who have previously been financially excluded or underserved. The focus of the Guidelines is on the common types of digital payments services provided to the financially underserved such as electronic money transaction accounts. For clients—especially women—to adopt and use digital payments, they need to feel […]

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Offshore Financial Centers for Financial Inclusion

21 Jul 2017
  • Financial Inclusion Equity Council (FIEC)
  • Center for Financial Inclusion

The words “offshore” and “tax-haven” are often taboo rhetoric within the investment space. In this paper, the Financial Inclusion Equity Council (FIEC), with support from CFI, explores why and how equity impact investors use offshore vehicles. Our findings reveal that offshore vehicles offer key operational, legal, tax and reputational advantages and are a key part of the impact investment landscape. Through interviews with Financial Inclusion Equity Council (FIEC) members, we […]

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Vision of the Future: Financial Inclusion 2025

21 Jul 2017
  • Estelle Lahaye
  • Thomas Abell
  • James K. Hoover

The future for poor people and financial inclusion is difficult to predict. In what ways will financial services influence inequality and economic participation for poor people by 2025? CGAP brought together more than 100 thought leaders, innovators, development actors, and academics to ponder this question. The scenario thinking exercise uncovered several insights that point to four major forces that are likely to fundamentally shape poor people’s lives and the financial […]

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Financial Inclusion, Stability, Integrity, and Protection: Philippines

21 Jul 2017
  • CGAP

Under the right circumstances, financial inclusion, stability, integrity, and consumer protection (collectively referred to as I-SIP) can be positively related, and the failure to consider any one of these objectives can lead to problems. Since 2012, CGAP has been exploring the relationships, or linkages, among these key objectives of financial policy making. We have analyzed several policy interventions (laws and regulations) in South Africa, Pakistan, Russia, and the Philippines to […]

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G20 Financial Inclusion Action Plan (FIAP) 2017

21 Jul 2017
  • GPFI

The 2017 G20 FIAP, a revision of the earlier 2010 and 2014 editions, reaffirms the G20 Leaders’ commitment to advance financial inclusion benefiting all countries and all people, including in particular underserved groups (such as the poor, women, youth, and people living in remote rural areas) and vulnerable groups (which include elderly people, migrants, forcibly displaced persons). Under this revised G20 FIAP, the GPFI identifies four key drivers that will set the […]

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G20 Financial Inclusion Action Plan (FIAP) Progress Report 2014-2017

21 Jul 2017
  • GPFI

This report takes stock of the work of the G20 GPFI under the 2014 G20 Financial Inclusion Action Plan (FIAP). The 2014 FIAP contains 10 action areas and a results framework, which defines a set of five cross-cutting issues that are relevant for the work of the GPFI as such and all Subgroups. The 2014 FIAP was put into practice mainly by the four Subgroups of the GPFI and their […]

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Building Inclusive Digital Payments Ecosystems: G20 Guidance Note for Governments

21 Jul 2017
  • GPFI
  • Better than Cash Alliance

Digital financial services have been an important component of the G20’s work in promoting financial inclusion and driving economic growth since 2009. The G20 High-Level Principles for Digital Financial Inclusion, published in 2016, outlines eight principles designed to inform national plans to leverage digital financial services. The aim of these principles is to sustainably increase financial inclusion while fostering inclusive growth, sustainable development and protecting users of digital payments. Endorsed […]

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Digital Financial Inclusion: Emerging Policy Approaches

01 Jul 2017
  • G20 Global Partnership for Financial Inclusion Report 2017

This report examines how countries are implementing measures in line with the G20 High-Level Principles for Digital Financial Inclusion (HLPs) published in 2016—aiming at catalyzing government actions to drive financial inclusion through a focus on digital technologies.  Digital financial services, together with effective oversight and supervision, can expand the scale, scope and reach of financial services, and are essential to closing the remaining gaps in financial inclusion. Digital technologies also offer affordable and convenient […]

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