News

News

May 3, 2023 |
On 6 March 2023, preceding the Second Plenary Meeting of the GPFI, the Indian G20 Presidency organised an International Symposium on “Digital Innovations in Payments and Remittances”. A panel discussion on “Harnessing Digital Innovations in Payment Systems for Financial Inclusion, Resilience, Productivity Gains, and Inclusive Growth” was organised as part of the symposium. Representatives from international organisations, namely Better Than Cash Alliance, Smart Africa, Women’s World Banking, International Fund for Agricultural Development (IFAD) and Reserve Bank of India, participated in the Symposium.
Mar 24, 2023 |
On 10-11 January 2023 the GPFI met in Kolkata for the First GPFI Plenary under the G20 Indian Presidency. The focus of the meeting was to discuss and agree on priorities and work programme for the GPFI during 2023. The plenary agenda focussed upon the GPFI priorities for the current year, which are: (i) Leveraging Digital Public Infrastructure for Financial Inclusion and Productivity Gains; (ii) Completion of the ongoing G20 2020 Financial Inclusion Action Plan; (iii) Preparation and Adoption of the new G20 2023 Financial Inclusion Action Plan; and (iv) Update of GPFI Terms of Reference (ToR). Watch a video on India's digital financial inclusion here and a video on highlights from the meeting here. 
Mar 24, 2023 |
On 9 January 2023, a day before the First GPFI Plenary Meeting, the G20 India Presidency organized an International Symposium on ‘Unlocking the Potentials of Digital Public Infrastructure (DPI) for Advancing Financial Inclusion and Productivity Gains’. Two highly fruitful panel discussions on the role of DPI and the significance of the digital financial ecosystem approach to leveraging DPI were organised as part of the symposium. Click here for the programme and here for the summar of the symposium.  
Mar 24, 2023 |
On 9-10 January 2023, the G20 India Presidency organized an Exhibition on "Digital Innovations for Advancing Financial Inclusion". The Exhibition featured 12 stalls showcasing India’s digital prowess on the theme of Digital Public Infrastructure for financial inclusion. The Exhibition saw an impressive display of India's achievements and efforts in advancing digital financial inclusion and showcased financial system infrastructure, emerging technologies, digital identification process flows for individuals and digital innovations in financial inclusion. Watch highlights from the event here and click here for a summary of the exhibition. 
Mar 24, 2023 |
On 10 January 2023, the G20 India Presidency organized a seminar on "Financial Literacy for Augmenting Digital Financial Inclusion.” This was a domestic outreach program aimed at school students in grades 9 to 12. Watch highlights from the event here and click here for a summary of the seminar.
Dec 16, 2022 |
The document reviews the more recent evolution of remittances transfer costs as well as the progresses accomplished by G20 countries in the realisation of their respective 2021 National Remittances Plans.
Dec 16, 2022 |
Under Indonesian G20 Presidency, the GPFI delivered the G20 Financial Inclusion Framework in Harnessing Digitalization to Increase Productivity, Sustainable and Inclusive Economy of Women, Youth and SMEs, the so-called “G20 Yogyakarta Financial Inclusion Framework”. The frameworks includes four Reports produced by GPFI implementing partners:
Dec 16, 2022 |
On 5 October 2022, the GPFI met in Bali in hybrid format for the third and last time under Indonesia G20 Presidency. During the meeting Implementing partners presented f the final version of the GPFI deliverables , which were endorsed by Member Countries. Building upon these outcomes, Indonesia G20 Presidency presented its “Financial Inclusion Framework in Harnessing Digitalisation to increase Productivity, Sustainable and Inclusive Economy of Women, Youth and MSMEs”, the so-called “G20 Yogyakarta Financial Inclusion Framework”. Time has also been devoted to the presentation of the 2021 Global Findex by the World Bank. Moreover, the incoming India G20 Presidency outlined the main features of the program they intend to pursue in 2023.
Jul 1, 2022 |
On 11 May 2022, preceding the 2nd G20 GPFI Plenary Meeting, Indonesia G20 Presidency hosted an International Seminar on Digital Transformation for Financial Inclusion of Women, Youth and MSMEs to Promote Inclusive Growth in Bali (hybrid format).  
Jul 1, 2022 |
On 12- 13 May 2022, the GPFI met in Bali in hybrid format for the second time under Indonesia G20 Presidency. Group members acknowledged the progress of the GPFI deliverables. In the area of SMEs finance, the discussion concerned the G20 Database on digital financial products and services for MSMEs beyond credit and the Regulatory Toolkit for MSMEs Access to Digital Financial Services. In the area of digital financial inclusion, members discussed the Implementation Framework for the G20 High Level Principles on Digital Financial Inclusion and the OECD review of the G20 High-Level Principles on Financial Consumer Protection. Time has also been devoted to the presentation of the OECD review of the G20 High-Level Principles on SME Financing and the We-fi code, an initiative to foster women access to finance. FATF and BIS provided an update of the SSBs agenda relevant for financial inclusion.