Financial inclusion in Asia may reach 80.2% by 2030: study

Digital transformation and improvements have helped in this regard.

Financial inclusion in Asia could reach 80.2% by 2030, according to estimates by digital financial solutions provider UnaFinancial.

Active digital transformation and improvements in the regulatory environment have allowed for the expansion of financial services even in remote areas in Asia, it said.

“Asia lagged behind other regions between 2010 and 2015, matched global levels from 2016 to 2022, and has since taken the lead,” UnaFinancial said.

“The combination of technological innovation, educational initiatives, the expansion of digital infrastructure and the development of alternative lending creates a solid foundation for further improvement of financial inclusion in Asia," it added.