Efforts towards financial inclusion and real-time retail payments systems are a means to support digital economies and poverty alleviation. The Level One Project works to help support the following outcomes:
- Usage of DFS is ubiquitous by the poor: By 2030, 80% of adults worldwide and 60% of sub $2/day adults have and actively use a digital account to make payments and to access additional products beyond P2P.
- Usage of DFS is ubiquitous by women and girls: By 2030, men and women equally have access to and actively use DFS.
- Diversification of Usage: Households use an effective range of financial tools.
The Level One Project, with it’s global partners, is working to promote financial health and poverty alleviation, as recognized by:
- Fewer people sliding into poverty
- More people moving out of poverty
- Daily consumption is increased because of their use of digital financial products and services.
“Financial inclusion is a mechanism to support a broader set of goals—to alleviate poverty, to empower women, and to create thriving digital economies.”
Next Topic in this Section: Aligning Around Global Goals