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What is financial inclusion?

The European Commission is running a conference this
week
about financial inclusion and the unbanked. According to the
Commission, almost half of all of the citizens of the EU10 – Poland, Hungary,
Czech Republic, Slovakia and other recent joiners, but not Bulgaria and Romania
– have no bank account.

According to their research, 47% of the EU10 adult population are unbanked,
compared with only 10% in the EU15 (France, Germany, Italy, Spain, UK …).

The conference is all about establishing rights for citizens to get basic
financial matters covered, such as a "right of all citizens to a transaction
bank account" and "a defined minimum package of transaction bank services".

Read
more …

About Chris M Skinner

Chris M Skinner

Chris Skinner is best known as an independent commentator on the financial markets through his blog, the Finanser.com, as author of the bestselling book Digital Bank, and Chair of the European networking forum the Financial Services Club. He has been voted one of the most influential people in banking by The Financial Brand (as well as one of the best blogs), a FinTech Titan (Next Bank), one of the Fintech Leaders you need to follow (City AM, Deluxe and Jax Finance), as well as one of the Top 40 most influential people in financial technology by the Wall Street Journal’s Financial News. To learn more click here…

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