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G20 South Africa YouTubeG20 South Africa YouTube23/11/2022
NEUTRAL

Press Conference on 4th Global Partnership for Financial Inclusion Meeting in Mumbai

Video Summary

The two-day G20 Global Financial Inclusion meeting concluded in Mumbai, featuring symposia on energizing SMEs through digital public infrastructure and advancing consumer protection via financial literacy. Key discussions covered implementation of digital financial inclusion principles, progress on reducing remittance costs, SME best practices like frictionless credit, and Brazil's priorities for financial well-being. Participants endorsed G20 policy recommendations on DPI and a new three-year Financial Inclusion Action Plan starting 2024, emphasizing India's model to reach 1.4 billion unbanked people amid Global South interest.