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The overall goal of the Subgroup is to advance utilization of payment systems, including remittances, in the pursuit of increased, responsible and sustainable financial inclusion. The Subgroup also promotes inclusive digital payment ecosystems, and focuses on emerging technologies and business models that will incorporate strong links to market based approaches through engagement with financial service providers. The Subgroup responds to the call in the G20’s St. Petersburg Development Outlook for the GPFI to explore “targeted actions to... harness emerging mechanisms such as electronic payments and mobile technology that can significantly improve access”. For the year ahead, the Subgroup will work on Action Areas 7, 8, and 9 as defined in the 2017 G20 Financial Inclusion Action Plan.
