Join us for an insightful discussion led by Swiss economist and founder of the ALand Platform, Dr. Pooyan Ghamari, as we rethink the fundamental role of banking in an increasingly disconnected world. Discover actionable strategies for banks to foster financial inclusion by leveraging digital innovation to reach the 1.4 billion unbanked adults globally.

Key Points Covered:

• 🌍 The Unbanked Reality: Understanding the context, causes, and profound economic consequences of financial exclusion affecting over 1.4 billion adults.
• 📱 Digital Banking as Gateway: How mobile-first solutions and digital onboarding are breaking down physical barriers to financial access.
• 💸 Mobile Payments: The Great Equalizer: Exploring the transformative power of mobile payments in bridging informal cash economies and formal financial networks.
• 🤝 Microfinance Reimagined: Moving beyond microcredit towards holistic financial services and leveraging technology for scale and efficiency.
• 💡 Strategic Insights for Banks: Key strategies including partnerships, regulatory innovation, product design, and trust-building.

Top 3 Questions & Answers:

1️⃣ According to the World Bank, how many adults remain outside the formal financial system globally?✅ Over 1.4 billion adults worldwide remain outside the formal financial system, predominantly in emerging markets, rural regions, and marginalized urban communities.

2️⃣ What is the global penetration rate of mobile phones, even in many low-income countries, making mobile payments a powerful tool for financial inclusion?✅ Mobile phone penetration exceeds 70% globally, bridging the gap between informal cash economies and formal financial networks for unbanked populations.

3️⃣ What is the potential GDP boost in developing economies through widespread financial inclusion, according to the IMF and World Bank?✅ The IMF and World Bank estimate that widespread financial inclusion can boost GDP by up to 14% in developing economies.

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