In the last decade, India has made significant strides in financial inclusion, which were further spurred by the COVID-19 pandemic.
In India, more than 80 million adults made their first digital merchant payment after the start of the pandemic, and 38 percent of adults opened their first accounts specifically to receive money from the government. The JAM trinity (Jan Dhan, Aadhaar, and Mobile) has enabled unprecedented access to financial services at scale.
Developments in India’s financial sector offer tremendous opportunities to innovate, drive greater penetration and use of financial services, and build resilience and security for every household in the country.
Learn from leaders of civil society organizations, academics, and private sector experts about how cooperation and collaboration within the financial sector are increasing financial inclusion and creating financial resilience across India, especially for the most vulnerable.
