What is financial inclusion?

Financial inclusion exists where individuals have access to appropriate and affordable financial services and products – the key services and products are a transaction account, general insurance and a moderate amount of credit. CSI UNSW 2011 

Being financially included is a first step towards financial wellbeing. Financial inclusion efforts have typically been focused on delivering products and services that are appropriate and affordable.  Globally, this is a significant challenge as 24% of the population has no access to formal financial services. World Bank Global Findex