Financial Inclusion In Asia Pacific

Author : Mrs.Sarwat Jahan,Jayendu De,Mr.Fazurin Jamaludin,Piyaporn Sodsriwiboon,Cormac Sullivan
Publisher : International Monetary Fund
Page : 31 pages
File Size : 51,6 Mb
Release : 2019-04-19
Category : Business & Economics
ISBN : 9781498311236

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The Financial Inclusion Landscape in the Asia-Pacific Region: A Dozen Key Findings by Mrs.Sarwat Jahan,Jayendu De,Mr.Fazurin Jamaludin,Piyaporn Sodsriwiboon,Cormac Sullivan Pdf

Financial inclusion is a multidimensional concept and countries have chosen diverse methods of enhancing financial inclusion with varying degrees of results. The heterogeneity of financial inclusion is particularly striking in the Asia-Pacific region as member countries range from those that are at the cutting edge of financial technology to others that are aiming to provide access to basic financial services. The wide disparity is not only inter-country but also intra-country. The focus of this paper is to take stock of the current state of financial inclusion in the Asia-Pacific region by highlighting twelve stylized facts about the state of financial inclusion in these countries. The paper finds that the state of financial inclusion depends on several factors, but a holistic approach calibrated to specific country conditions may lead to greater financial inclusion.

Author : Ms.Elena Loukoianova,Yongzheng Yang,Mr.Si Guo,Ms.Leni Hunter,Mrs.Sarwat Jahan,Mr.Fazurin Jamaludin,Umang Rawat,Johanna Schauer,Piyaporn Sodsriwiboon,Mr.Yiqun Wu
Publisher : International Monetary Fund
Page : 139 pages
File Size : 54,6 Mb
Release : 2018-09-18
Category : Business & Economics
ISBN : 9781484371015

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Financial Inclusion in Asia-Pacific by Ms.Elena Loukoianova,Yongzheng Yang,Mr.Si Guo,Ms.Leni Hunter,Mrs.Sarwat Jahan,Mr.Fazurin Jamaludin,Umang Rawat,Johanna Schauer,Piyaporn Sodsriwiboon,Mr.Yiqun Wu Pdf

Asia has made significant progress in financial inclusion, but both its across-country and intra-country disparities are among the highest in the world. The gaps between the rich and the poor, rural and urban populations, and men and women remain deep. Income is the main determinant of the level of financial inclusion; but other factors, such as geography, financial sector structure, and policies, also play important roles. While some countries in the Asia-Pacific region are leaders in fintech, on average the region lags behind others in several important areas such as online (internet) purchases, electronic payments, mobile money, and mobile government transfers. This Departmental Paper aims to take stock of the development and current state of financial inclusion and shed light on policies to advance financial inclusion in the region. The research focuses on the impact of financial inclusion on economic growth, poverty reduction, and inequality, linkages between financial inclusion and macroeconomic policies, as well as structural policies that are important for improving financial inclusion. Given the increasing importance of financial technologies (fintech), the paper also provides a snapshot of the fintech landscape in the Asia-Pacific.

Author : Asian Development Bank
Publisher : Asian Development Bank
Page : 28 pages
File Size : 47,6 Mb
Release : 2018-10
Category : Business & Economics
ISBN : 9292613480

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Harnessing Technology for More Inclusive and Sustainable Finance in Asia and the Pacific by Asian Development Bank Pdf

This report tracks the progress of financial innovation in Asia and the Pacific, and discusses its implications for financial inclusion and stability as well as its challenges. Asia and the Pacific continues to embrace financial technology advances that are reshaping the traditional banking and financial services industry. This is being done through the digitalization, decentralization, and disintermediation of economic transactions. This report tracks the progress of financial innovation in the region, and discusses its implications for financial inclusion and stability as well as its challenges. It also identifies key policy issues for central banks, financial regulators, and international financial institutions.

Author : Anonim
Publisher : Unknown
Page : 128 pages
File Size : 42,8 Mb
Release : 2012
Category : Electronic
ISBN : 0980800935

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Asia-Pacific Forum on Financial Inclusion by Anonim Pdf

Author : Asian Development Bank
Publisher : Asian Development Bank
Page : 91 pages
File Size : 50,7 Mb
Release : 2023-03-01
Category : Business & Economics
ISBN : 9789292700911

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The Role of Central Bank Digital Currencies in Financial Inclusion by Asian Development Bank Pdf

Asia and the Pacific continues to experience rapid development of innovative technology solutions driven by increased government support to help address the economic fallout of the coronavirus disease pandemic. This publication identifies the role that central bank digital currencies could play in overcoming some of the challenges of achieving financial inclusion. It proposes recommendations to aid policy makers and regulators. The publication shares insights from the Asia–Pacific Financial Inclusion Forum, a policy initiative of the Asia–Pacific Economic Cooperation Finance Ministers’ Process.

Author : Asian Development Bank
Publisher : Asian Development Bank
Page : 68 pages
File Size : 45,5 Mb
Release : 2016-03-01
Category : Business & Economics
ISBN : 9789292573591

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Digital Financial Services in the Pacific by Asian Development Bank Pdf

The challenging geography and poor infrastructure of many Pacific nations mean digital financial services (DFS) are a particularly effective means of enhancing financial inclusion in the region. However, a number of major challenges confront DFS in the Pacific, including the establishment of reliable agent networks and the building of sufficient consumer trust in DFS for it to become a viable payments channel. This report examines the current use of DFS in the Pacific, analyzes the issues that need to be addressed, and provides recommendations for increasing financial inclusion in the region. This publication was produced by the Pacific Private Sector Development Initiative, a regional technical assistance facility cofinanced by the Asian Development Bank (ADB), the Government of Australia and the New Zealand government.

Author : The Foundation for Development Cooperation
Publisher : Unknown
Page : 128 pages
File Size : 43,8 Mb
Release : 2016-08-31
Category : Electronic
ISBN : 0646961446

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Financial Inclusion in a Digital Age by The Foundation for Development Cooperation Pdf

Author : Asian Development Bank
Publisher : Asian Development Bank
Page : 130 pages
File Size : 43,5 Mb
Release : 2021-12-01
Category : Computers
ISBN : 9789292691912

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Asia-Pacific Financial Inclusion Forum 2021 by Asian Development Bank Pdf

The coronavirus disease (COVID-19) pandemic has highlighted the vital role of financial inclusion in supporting resilience and economic recovery among the most vulnerable populations in Asia and the Pacific. This publication identifies financial inclusion priorities to stimulate economic recovery and explores the challenges and opportunities of accelerated digital transformation. It proposes recommendations to aid policy makers and regulators. The publication shares insights from the 2021 Asia-Pacific Financial Inclusion Forum, a policy initiative of the Asia-Pacific Economic Cooperation (APEC) Finance Ministers’ Process. It was prepared in collaboration with the APEC Business Advisory Council, the Asian Development Bank Institute, and the Foundation for Development Cooperation.

Author : Asli Demirguc-Kunt,Leora Klapper,Dorothe Singer,Saniya Ansar
Publisher : World Bank Publications
Page : 148 pages
File Size : 45,9 Mb
Release : 2018-04-19
Category : Business & Economics
ISBN : 9781464812682

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The Global Findex Database 2017 by Asli Demirguc-Kunt,Leora Klapper,Dorothe Singer,Saniya Ansar Pdf

In 2011 the World Bank—with funding from the Bill and Melinda Gates Foundation—launched the Global Findex database, the world's most comprehensive data set on how adults save, borrow, make payments, and manage risk. Drawing on survey data collected in collaboration with Gallup, Inc., the Global Findex database covers more than 140 economies around the world. The initial survey round was followed by a second one in 2014 and by a third in 2017. Compiled using nationally representative surveys of more than 150,000 adults age 15 and above in over 140 economies, The Global Findex Database 2017: Measuring Financial Inclusion and the Fintech Revolution includes updated indicators on access to and use of formal and informal financial services. It has additional data on the use of financial technology (or fintech), including the use of mobile phones and the Internet to conduct financial transactions. The data reveal opportunities to expand access to financial services among people who do not have an account—the unbanked—as well as to promote greater use of digital financial services among those who do have an account. The Global Findex database has become a mainstay of global efforts to promote financial inclusion. In addition to being widely cited by scholars and development practitioners, Global Findex data are used to track progress toward the World Bank goal of Universal Financial Access by 2020 and the United Nations Sustainable Development Goals. The database, the full text of the report, and the underlying country-level data for all figures—along with the questionnaire, the survey methodology, and other relevant materials—are available at www.worldbank.org/globalfindex.

Author : Naoyuki Yoshino,Jos Anson,Matthias Helble
Publisher : Unknown
Page : 260 pages
File Size : 44,8 Mb
Release : 2018-03-27
Category : Electronic
ISBN : 4899740832

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Postal Savings by Naoyuki Yoshino,Jos Anson,Matthias Helble Pdf

Rapid economic growth in Asia has gone hand in hand with increased savings. Yet, many people remain unbanked and savings are often invested abroad. If Asia is to continue to grow, governments must explore ways to better mobilize domestic finance and increase financial access. One way is through postal savings. This book (i) explains the benefits of postal savings, (ii) presents strategies ranging from a simple model of postal savings to full-fledged banking services, (iii) assesses national regulations, (iv) studies the challenges and opportunities arising from new technologies such as fintech, and (v) recommends ways to promote postal savings in developing Asia. technologies such as fintech, and (v) recommends ways to promote postal savings in developing Asia.

Author : Sasidaran Gopalan,Tomoo Kikuchi
Publisher : Springer
Page : 263 pages
File Size : 55,7 Mb
Release : 2016-09-29
Category : Business & Economics
ISBN : 9781137583376

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Financial Inclusion in Asia by Sasidaran Gopalan,Tomoo Kikuchi Pdf

This book brings together a set of analytical and empirical essays aimed at understanding inclusive finance in emerging markets focusing on Asia. Despite the significant policy interest in the issue of financial inclusion in the Asian market, there is a dearth of academic literature on the topic. This book fills this gap by being the first of its kind to address the relevant issues and policy concerns relating to the availability and affordability of financial services in this rapidly emerging geopolitical area. The book features a mixture of empirical and case study oriented essays, informed by data, literature and policy analysis that will be useful for both the academics and the policy makers in the region interested in the subject. Countries highlighted in the essays assessing financial inclusivity include Indonesia, Sri Lanka and India.

Author : Tony Cavoli,Rashesh Shrestha
Publisher : Routledge
Page : 299 pages
File Size : 42,8 Mb
Release : 2021-03-04
Category : Business & Economics
ISBN : 9781000348897

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Financial Inclusion in Asia and Beyond by Tony Cavoli,Rashesh Shrestha Pdf

The World Bank considers financial inclusion to be an enabler for at least 7 of the 17 United Nation’s sustainable development goals (SDGs). Financial inclusion, with its associated policy implications, is an important issue for ASEAN. This book examines the economic effects of financial inclusion. It explores issues surrounding measurement and impact of financial inclusion. The book looks at various, salient topics including measurement of financial inclusion, the impact of (various indicators of) financial inclusion on development outcomes and macroeconomic volatility using aggregate data, as well as the effects of financial inclusion on poverty and development outcomes using micro data.

Author : ADB Institute,Financial Services Agency, Japan,International Monetary Fund Regiona
Publisher : Springer
Page : 136 pages
File Size : 42,6 Mb
Release : 2015-01-14
Category : Business & Economics
ISBN : 9784431552543

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Financial System Stability, Regulation, and Financial Inclusion by ADB Institute,Financial Services Agency, Japan,International Monetary Fund Regiona Pdf

Financial authorities face a number of key challenges, including maintaining financial stability; ensuring long-term finance for stable economic growth; promoting greater access to financial services for both households and small and medium-sized enterprises (SMEs); and fostering a competitive financial industry. Access to finance for SMEs is particularly important, given their large shares in economic activity and employment in Asian economies. Striking the appropriate balance in achieving these objectives through financial supervision and regulation is an important policy issue for financial regulators. This book is the record of a joint conference in 2014 organized by the Asian Development Bank Institute; Financial Services Agency, Japan; and International Monetary Fund Regional Office for Asia and the Pacific on the topic of financial system stability, regulation, and financial inclusion. Participants included noted scholars, policymakers, and financial industrial participants from Asia. ADB Institute The ADB Institute, located in Tokyo, is the think tank of the Asian Development Bank. Its mission is to identify effective development strategies and improve development management in ADB’s developing member countries. Financial Services Agency, Japan The Financial Services Agency, Japan is responsible for ensuring the stability of Japan’s financial system, the protection of depositors, insurance policyholders and securities investors, and smooth finance through such measures as planning and policymaking. International Monetary Fund Regional Office for Asia and the Pacific The International Monetary Fund Regional Office for Asia and the Pacific contributes to economic surveillance and research, leads the IMF’s involvement in regional cooperation, manages regional capacity building programs, and promotes the understanding and two-way dialogue of the IMF in the region.

Author : Anonim
Publisher : Unknown
Page : 64 pages
File Size : 52,6 Mb
Release : 2014
Category : Consumer protection
ISBN : 0646923528

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Realizing Financial Inclusion in Asia by Anonim Pdf

"The 2014 Asia-Pacific Forum on Financial Inclusion provides an opportunity to review trends, recent achievements, and challenges and opportunities related to financial inclusion and discuss how these developments are impacting different markets. The forum will strengthen capacities of government officials from developing member countries of ADB in implementing financial inclusion initiatives, as well as to provide policy suggestions in promoting financial inclusion in the region. Issues addressed: (i) increasing access to financial services for underprivileged groups particularly for lending, insurance, and remittance; (ii) developing innovative financial products and instruments for the poor; (iii) strengthening consumer protection; and (iv) promoting financial literacy."--Extracted from ADB Institute.

Author : United Nations. Economic and Social Commission for Asia and the Pacific
Publisher : UN
Page : 132 pages
File Size : 48,5 Mb
Release : 2010
Category : Political Science
ISBN : UCBK:C102727904

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Financing an Inclusive and Green Future by United Nations. Economic and Social Commission for Asia and the Pacific Pdf

The Asia-Pacific region has made considerable progress towards the Millennium Development Goals (MDGs), but the region is still off track on many crucial MDG indicators. This publication considers the challenges the region faces for achieving the Goals and shows that they are still within reach, given sufficient determination and financial resources. It starts by estimating the financial needs of the region for closing the gaps in achievement of the MDG targets and identifies potential sources for those funds. It also shows how Asia and the Pacific can take the lead in developing a more inclusive and development friendly financial system. Finally, the report discusses challenges -including technology and finance- for promoting growth that is inclusive and sustainable -green growth- that will help the region achieve the MDGs.