Financial inclusion is equal and full access to basic financial services for the entire population of the country.

This is not just an opportunity to open a bank account, make a payment or get a loan, but also a means of overcoming social and economic inequalities.

Despite the active development of the financial sector and the penetration of financial services into public life, financial inclusion remains a serious problem throughout the world. A McKinsey poll of 25,000 Americans found that only half would be able to cover more than two months of expenses if they lost their jobs.

Among the key tools for increasing financial inclusion is digitalization. Mobile operators have ample opportunities to develop the financial sector and profit by entering new markets. McKinsey predicts that in developing countries, mobile operators can provide access to financial services for more than 1.6 billion people, increase the volume of loans issued by $2.1 trillion. However, to improve the current situation, significant and long-term spending on the development of infrastructure and human capital (an average of 2-3 billion US dollars annually) is required.

An equally effective tool is open financial data. the ability to share financial data through the digital ecosystem. The McKinsey Global Institute 2021 estimates that the adoption of open data systems could result in a 1.5% increase in GDP by 2030 in the UK, the European Union (EU) and the US, and 5% in India.