Summary

Principles and Report on Innovative Financial Inclusion from the Access through Innovation Sub-Group of the G20 Financial Inclusion Experts Group.

Description

At the Pittsburgh Summit in September 2009, G20 Leaders committed to improving access to financial services for poor people,
through supporting the safe and sound spread of new modes of financial service delivery capable of reaching the poor.G20 leaders established the Financial Inclusion Experts Group. Australia co-chaired the Access Through Innovation Sub-Group (ATISG) that produced this G20 report on Innovative Financial Inclusion.

The ATISG Report describes the G20 Principles for Innovative Financial Inclusion endorsed by leaders. The G20 Principles for Innovative Financial Inclusion provide guidance for policy and regulatory approaches to innovative financial inclusion that will:

• foster the safe and sound adoption of innovative, adequate, low-cost financial service delivery models;
• help provide a framework of incentives for the various bank, insurance, and non-bank actors involved, while ensuring fair conditions of competition
  between all financial service players; and
• foster affordable financial services that respond to customer's needs in both quality and range.

The report is available in the following formats:

Access Through Innovation–Report of the G20 Financial Inclusion Experts Group [PDF 2.1mb]
Access Through Innovation–Report of the G20 Financial Inclusion Experts Group [WORD 912kb]