[MFP] CGAP Newsflash: Financial Inclusion in Russia

 

 

CGAP Newsflash: Financial Inclusion in Russia According to a recent CGAP Landscaping Report, the Russian Federation presents a picture of rapid and accelerating change in the financial inclusion landscape for lower-income Russians. Progress has been significant in the past five years: the number of people not using any banking services was reduced to 22%; the supply of per capita retail banking services increased fivefold; and in some aspects such as the penetration of bank branches per 100,000 adults, Russia has moved ahead of some highly developed countries. But financial inclusion in Russia has its own specifics. A new three-part CGAP blog series explores some of these unique aspects. The series discusses how financial access remains a challenge in remote, rural areas, looks at innovation in Russian payment systems and addresses the issue of reducing cash turnover.   Get up to date by downloading the "Financial Inclusion in Russia" Landscaping Report and reading the blog series: How Much do Financial Inclusion Indicators Say About Russia? Financial Inclusion and Innovation in Russian Payment Systems Reducing Cash Turnover: Challenges In Russia CGAP   You have been sent this email because you are on the CGAP emailing list. If you prefer not to receive further emails, please email us at CGAP@WorldBank.org

 

 

 

 

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