Launched at the 12th AFI Global Policy Forum (GPF) in Jordan, in September 2022, SARFII aims to build on the important strides made by South Asian member institutions over the past decade by acting as a catalyst to accelerate financial inclusion with an objective to improve lives and make financial security and inclusion a reality for across South Asia.
AFI South Asian member countries are culturally and economically diverse but share common concerns about financial inclusion in terms of access, usage and quality. South Asian members have taken the mandate of financial inclusion very seriously over the last decade, implementing various policies to continue providing access to the unbanked and the underbanked. According to the global Findex data, financial inclusion levels for adults have increased from 23% (2011) to 40% (2021). Despite the pandemic’s devastation, regulators have embraced digital transformation and digital financial inclusion as a critical solution to fostering a resilient, inclusive and a sustainable recovery.
AFI South Asian member countries are culturally and economically diverse but share common concerns about financial inclusion in terms of access, usage and quality. South Asian members have taken the mandate of financial inclusion very seriously over the last decade, implementing various policies to continue providing access to the unbanked and the underbanked. According to the global Findex data, financial inclusion levels for adults have increased from 23% (2011) to 40% (2021). Despite the pandemic’s devastation, regulators have embraced digital transformation and digital financial inclusion as a critical solution to fostering a resilient, inclusive and a sustainable recovery.
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