Financial inclusion has a special, differentiated contribution to make in the Financing for Development discussions. Development of pro-poor financial markets is an essential element of equitable growth strategies and can play an important—and often overlooked—role in domestic resource mobilization. By moving savings out from under the mattresses and into the formal financial sector, these resources become available for further investment in the local economy
— A means to an end: The post-2015 future of financial inclusion by Beth Porter, Policy Advisor, UNCDF/ Better Than Cash Alliance

With a growing number of Mobile Wallets that offer a large range of financial services, the money saved by individuals on their digital accounts can be mobilized for the development of local economies. Today, funds invested in the local economy often come from family members working abroad who send money home. This process of investing in the local economy can be simplified and improved thanks to digital tools.


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