News

News

Feb 8, 2017 |
The first GPFI meetings under the German G20 Presidency were held in Wiesbaden, Germany on 23-24 January 2017. A one-day workshop advanced the preparation of the revision of the 2014 G20 Financial Inclusion Action Plan (FIAP) through analysis and discussion of related survey results and an exploration of cross-cutting and overarching issues, including the 2030 Agenda and wider G20 accountability processes. The following day, the official GPFI meeting launched the work of the GPFI in 2017, in line with priorities of the German G20 presidency (GPFI German 2017 Priorities Paper), with a special emphasis placed on the financial inclusion of forcibly displaced persons, the implementation of the G20 High-level Principles for Digital Financial Inclusion, and SME Finance , i.e. to promote SME integration into sustainable global value chains.
Feb 8, 2017 |
High-level central bankers and government officials, fintech industry, G20 and non-G20 country representatives, along with delegates from international institutions, met in Wiesbaden on 25-26 January to explore developments in the domain of digital financial services. Conference sessions put a spotlight on recent fintech developments, market opportunities and risks, and how to address the emerging risks. Speakers and discussants raised issues of the relationship of fintech to traditional banking institutions, the most important risks, and current and possible regulatory responses.
Jan 11, 2017 |
  Germany in December released its Global Partnership for Financial Inclusion German 2017 Priorities Paper.  Priorities outlined in this key GPFI document include: (a) review and update of the GPFI Financial Inclusion Action Plan (FIAP): 2030 Agenda and digitization; (b) implementation of the G20 High Level Principles for Digital Financial Inclusion: opportunities and risks; (c) implementation of the G20 Action Plan on SME Financing; and (d) development of a work stream on financial inclusion of vulnerable groups: forcibly displaced persons.  
GPFI launches mobile version
Dec 2, 2016 |
After several months of development, GPFI has launched a mobile version optimized for smartphones and tablets in an effort towards improving a responsive and interactive version of GPFI.org website. The use of mobiles and tablets is rapidly increasing with almost 25% of visits coming from mobile devices, and we want our visitors to have the best possible experience when visiting GPFI.org through handheld devices. Find out more about the new features and give us your feedback.  
Woman with mobile phone
Oct 26, 2016 |
Innovative digital technologies play a key role in advancing financial inclusion worldwide, and the rapid growth of ‘mobile money’ is an entry point for providing broader financial services to many low-income families. These opportunities and the new regulatory challenges were the theme of the Third GPFI/FSI Conference on Standard-Setting Bodies and Innovative Financial Inclusion, held in Basel, in 26-27 October. Hosted by the Financial Stability Institute of the Bank for International Settlements, the conference brought together governments, regulators, supervisors and overseers, and global standard-setting bodies with the timely theme “New Frontiers in the Supervision and Oversight of Digital Financial Services.” Over two-days, participants examined ways to foster financial inclusion through innovation in digital finance while protecting consumers and financial stability.
Woman at a silk weaving workshop. Photo credit: World Bank
Sep 28, 2016 |
At the Global SME Finance Forum that took place in September 19-21, in Beijing, China, leaders from banks, fintech companies and development finance institutions discussed innovations to unlock new opportunities in small business finance following the recently endorsed G20 Action Plan on SME Financing Implementation Framework. During a three-day conference, four hundred representatives of leading banks and financial technology firms from 50 countries gathered in Beijing discussed how to leverage technology, big data, bitcoin and artificial intelligence towards transforming small business finance.  Participants in the SME Finance Forum. Photo credit: SME Finance Forum 
Participants in the G20 Hangzhou Summit
Sep 13, 2016 |
G20 Leaders committed to taking “concrete actions” to accelerate access to finance globally, “particularly in the area of digital financial inclusion”. Participants in the G20 Hangzhou Summit. Photo credit: OECD 
Women with payment terminals
Aug 17, 2016 |
Under the leadership of the Chinese G20 Presidency, the G20 Global Partnership for Financial Inclusion (GPFI) developed a new set of High-Level Principles that encourage governments to promote a digital approach to financial inclusion. These Principles were endorsed by the G20 Finance Ministers and Central Bank Governors at their meeting in Chengdu on July 22-23, 2016. Download here: G20 High-Level Principles for Digital Financial Inclusion Download here: One-page summary G20 High-Level Principles for Digital Financial Inclusion
Womem with mobile phones
Aug 10, 2016 |
Under the leadership of the Chinese G20 Presidency and in consultation with G20 members and GPFI Implementing Partners, new indicators have been added to the set of G20 Financial Inclusion Indicators to measure the use, availability, and quality of digital financial services. Photo credit: Simone D. McCourtie / World Bank The expansion and revision of the existing set of G20 Financial Inclusion Indicators is driven by the development of new digital models, as well as the availability of new data on both the demand for and supply of digital financial services. Technology has a vital role to play in promoting the spread of financial inclusion, especially when it comes to accounts that can be accessed more affordably and conveniently through a mobile device.
2016 GPFI Forum and Plenary held in Chengdu, China
Jul 29, 2016 |
In the context of the G20 agenda, the 2016 Forum of the Global Partnership for Financial Inclusion (GPFI) was held on July 18-19, 2016 in Chengdu, the capital of the Sichuan Province of China. The events were organized by the People’s Bank of China (PBOC). Along with Turkey and Germany, China is a 2016 GPFI co-chair. In this context, Mr. Guo Qingping, Deputy Governor of PBOC, and Mr. Wang Minghui, Vice Governor of Sichuan, both delivered keynote speeches.