The G20 Financial Inclusion Indicators assess the state of financial inclusion and digital financial services, nationally and globally. The data, which measures accessibility, use, and quality of financial services, can be used by countries to support their financial inclusion goals.
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Remittances represent a major source of income for millions of families and businesses globally, and are an important pathway to financial inclusion.
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The Subgroup Co-Chairs are: China and Russia
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Note: The Subgroup has completed its mandate and is no longer operational.
Subgroup Co-Chairs: Australia, Mexico, South Africa
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Financial inclusion is measured in three dimensions: (i) access to financial services; (ii) usage of financial services; and (iii) the quality of the products and the service delivery. The Basic Set was developed in 2012, and addressed key access and usage indicators. This set of indicators was extended in 2013 and renamed the G20 Financial Inclusion Indicators; the revised set of indicators covered the same three dimensions and provided further insight into access and usage aspects, including indicators on the emerging mobile financial services space.
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The World Bank Global Financial Inclusion (Global Findex) Database indicates that 2 billion adults globally—about half the total adult population—have no access to financial services delivered by regulated financial institutions.
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The GPFI follows the structure of the G20 Financial Inclusion Experts Group (2009-2010) and maintains the G20 troika countries as the overall Co-Chairs.
