Financial access

Financial access refers to the ability of individuals and businesses to use financial services such as savings accounts, loans, insurance, and payment systems. It means having the opportunity and means to safely manage and grow money through trustworthy institutions like banks or digital platforms. Good financial access enables people to save for the future, handle emergencies, start or expand businesses, and improve overall economic stability. Achieving broad financial access is essential for reducing poverty and promoting inclusive economic growth, ensuring everyone can participate effectively in the economy.