How to Contribute to Financial Inclusion?

This paper seeks to identify and characterize financial products and services, as well as distribution channels offered in Latin America and the Caribbean that support the inclusion of underserved segments of the population into the regulated financial sector. The paper identifies obstacles in achieving higher levels of financial policies, as well as policies that may promote financial inclusion. Based on this analysis, the document introduces a series of credit technologies and products, savings products and payment services, as well as distribution channels that support financial inclusion. For each of the identified product, service and channel, the authors develop risk matrices, which characterize the probability of related financial risks materializing, along with level of impact financial institutions should consider when offering these products and services.