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Reassess the Financial Inclusion Revolution

In: Scaling Impact

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  • Kusisami Hornberger

    (Dalberg Global Development Advisors)

Abstract

Financial intermediaries—whether banks, microfinance institutions, nonbank financial intermediaries (NBFIs), insurance providers, or fintechs—are deeply enmeshed in our lives. They provide credit, savings, insurance, and payment services to the growing population of consumers and businesses across the globe. In fact, the global financial services market size reached $23.3 trillion in 2021 and is expected to continue to grow rapidly.1 There are more than 10,000 regulated commercial banks in the United States and Europe Union and more than 10,000 microfinance institutions in emerging markets, according to the ECB, the FDIC, and MIX Market data.

Suggested Citation

  • Kusisami Hornberger, 2023. "Reassess the Financial Inclusion Revolution," Springer Books, in: Scaling Impact, chapter 0, pages 23-33, Springer.
    • Handle: RePEc:spr:sprchp:978-3-031-22614-4_2
    DOI: 10.1007/978-3-031-22614-4_2
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