This joint programme responds directly to the Sustainable Development Goals (SDGs) which recognizes that rapidly spreading digital technologies now offer an opportunity to provide financial services at much lower cost, and therefore profitably, boosting financial inclusion and enabling large productivity gains across economies.

Particularly in FCAS, digital financial inclusion presents an opportunity for ‘learning by doing’ to test the potential of digital access to accelerate greater inclusion, stability and economic transformation. Evidence shows that for those living in FCAS, access to and usage of basic financial services remains incredibly low.

Broadening access to finance through digital means can unlock productivity and investment, reduce poverty, empower women, and help build stronger institutions with less corruption—all while providing a profitable, sustainable business opportunity for financial service providers. The benefits for individuals, businesses, and governments can transform the economic prospects of emerging economies.