Advancing digital financial inclusion for all

what’s the challenge?

Almost 2 billion people live outside the formal financial system—that is, without access to products and services like savings, credit, insurance, and the ability to make and receive electronic payments. This makes it extremely difficult for poor people—especially women—to save for the future, provide for their family’s health and children’s education, or invest in a business. Life without access to formal financial services is expensive, time-consuming, and unsafe.

Text reads “8 Decent Work and Economic Growth”. Burgundy red square with white graph showing upwards trend.

what’s the opportunity?

Digital financial inclusion benefits everyone in the economy. Moving away from a cash-based system and employing digital services enables: cost savings through increased efficiency and speed; transparency and security by increasing accountability and tracking; and women’s economic empowerment, by giving women more control over their financial lives. Widespread adoption and use of digital finance could increase the GDPs of all emerging economies by 6 percent, or a total of $3.7 trillion, by 2025. This additional GDP could create up to 95 million new jobs across all sectors of the economy

the accelerator will:

  • Grow the number of governments championing greater financial inclusion through the Maya Declaration, an initiative by financial sector policymakers and regulators to unlock the economic and social potential of the 2 billion currently unbanked.
  • Expand opportunities for digital payments. Over 60 governments, companies and international organizations—all of them members of the UN-based Better Than Cash Alliance—have demonstrated their leadership by committing to move away from cash. This global Alliance brings together these three sectors to create a digital economy where everyone can make and receive payments digitally.
  • Encourage continued innovation by companies who create the digital tools and services needed to advance financial inclusion.

What you can do


To support proactive policy reform and learn more about the Maya Declaration, visit .


To learn about how your organization can change lives through shifting to digital payments, visit


To find out more about the GSMA’s Mobile for Development work, in particular the Mobile Money and Connected Women programs, visit