Latin America Sees Steady Growth in Financial Inclusion, But Challenges Remain
Latin America shows promising growth in financial inclusion with a score of 48.5, driven by digital wallet adoption, yet challenges persist in countries like Colombia and Mexico.
- The latest Index of Financial Inclusion reveals that Latin America achieved a score of 48.5 out of 100, reflecting sustained progress in financial inclusion over the past five years.
- Peru and Ecuador lead in financial inclusion initiatives, while Colombia and Argentina face ongoing obstacles despite advancements in digital finance products like mobile wallets.
- Major financial players such as Credicorp are expanding their services in Mexico and Colombia, aiming to enhance the overall financial system and address gaps in accessibility.
Por Qué Es Relevante
The steady growth in financial inclusion in Latin America is crucial for economic development, empowering underserved populations and contributing to greater financial stability in the region. As countries continue to innovate, addressing persistent challenges will be key to sustaining this momentum.