ARAB DAY FOR FINANCIAL INCLUSION - APRIL 27, 2021 UNDER THE THEME OF “ROLE OF DIGITAL TRANSFORMATION IN INCREASING FINANCIAL INCLUSION”
Enhancing and accelerating the transition to digital financial services, and importance of raising awareness
Call on to:
Alignment with the priorities of the Group of Twenty (G20)
Promoting digital financial inclusion for young people, women and MSMEs
The issue of promoting access to financing and financial services in the Arab countries is receiving great attention from the Council of Arab Central Banks and Monetary Authorities’ Governors, in recognition of the potential and great opportunities that can be achieved through enhancing financial inclusion to support inclusive and sustainable economic development, address unemployment challenges, and achieve social justice. There is no doubt that the current developments and the negative repercussions of the COVID-19 pandemic have clearly highlighted the great importance of deploying Fintech for the purposes of financial inclusion, and the need to enhance digital financial services and familiarize users with them. The pandemic has increased the demand for digital financial services and made the need to accelerated digital transformation and improved digital financial services a critical issue in economic policies in the Arab region.