Advancing the Digital Financial Inclusion of Youth

07/19/2020 - 11:17am

The focus on Youth reflects the fact that almost half of the world’s 1.2 billion young people aged between 15-24 remain unbanked.  The Report examines the factors that contribute to youth financial inclusion and the role of digital financial services in meeting young people’s financial needs, and explores opportunities and challenges relating to advancing youth digital financial inclusion.  It sets out a range of policy options for policy makers based on data, research and country approaches, to advance the appropriate and safe digital financial inclusion of young people, including ensuring appropriate financial consumer protection and financial education.  These policy options form part of the basis for the G20 High Level Policy Guidelines on Digital Financial Inclusion for Youth, Women, and SMEs.  Advancing the Digital Financial Inclusion of Youth reflects inputs and guidance from GPFI member countries, Implementing Partners, Affiliated Partners and other key stakeholders, particularly members of the G20/OECD Task Force on Financial Consumer Protection, FinCoNet, the OECD/International Network on Financial Education, the Arab Monetary Fund and the Alliance for Financial Inclusion, via an extensive consultation process.

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