Over the years, Dock has been a part of the major advances towards financial inclusion in Latin America. The company is now taking another step on this journey, and releasing the eBook “7 priorities for true financial inclusion in Latin America,” a guide to understanding the role of the payments and banking market in this transformation.
The book contains knowledge from Dock and tokelau email list market specialists, with the objective of understanding the priorities for accelerating financial inclusion.
Subjects include access to fair credit, fraud prevention, the regulatory environment, financial inclusion in practice, and much more.
The Latin American region saw the largest increase in the number of people with bank accounts between 2017 and 2021, according to Global Findex 2021, a World Bank study.
This is excellent news. But this news comes with an enormous challenge: as that study shows, Latin America and the Caribbean still have more than 94 million unbanked.
This type of data underlines the fact that there is still a long way to go towards true financial inclusion. Against this backdrop, the material Dock has prepared proposes an analysis of the benefits of a society that is increasingly included, both digitally and financially, and with the help of specialists, it lays out the priorities for evolving in this direction.
Download the eBook 7 priorities for true financial inclusion in Latin America | A guide for understanding the role of the payments and banking market in accelerating financial inclusion.
Why does financial inclusion impact society as a whole?
It is a well-known fact that Latin America has been experiencing a profound transformation in how people perform transactions, moving from cash to electronic payments.
As mentioned in Dock’s e-Book, in two years, the use of cash has fallen 29% in payments at retail.
Today we understand this phenomenon better; its effects and challenges, and the direct impacts on numerous market segments.
At first glance, this might even look like a superficial change that only impacts people’s daily lives. But in fact, there is something much deeper at play, and the benefits to society as a whole are enormous.
Reducing transaction costs for those receiving payments, facilitating social policies, and decreasing tax evasion are some examples of the positive impacts affecting everyone.