Today, many Africans struggle to manage their finances, often using up their salaries before they even receive them.
This struggle is partly due to a failure of financial inclusion, which is a chance for all individuals to access financial tools.
Financial inclusion is a means of reducing inequality and bridging economic gaps.
Financial inclusion is a concept that transcends economic borders, embodying the idea that access to financial services is a fundamental human right that can empower individuals to build wealth and improve their lives.
While financial inclusion might appear irrelevant to those who seemingly have access to financial tools, it’s imperative to recognize that a significant portion of the global population, particularly in Africa, still faces barriers to formal financial services.
According to the World Bank’s 2021 Global Findex report, up to 38 percent of adults in developing countries remain unbanked.