Asia to lead global financial inclusion in 2024, analysts say

Asia’s financial inclusion rate is projected to reach 69.5% in 2024, surpassing the global average of 67.4%, according to a newly developed index by analysts tracking access to finance. The index factors in account ownership, digital payments usage, card ownership, and borrowing and saving activity, with each component weighted by its impact on accessibility. The region has recorded an 82% rise in financial inclusion over the past 15 years, driven by digital transformation and regulatory improvements. Analysts forecast the rate to reach 80.2% by 2030, outpacing the projected global average of 76.8%. The trend reflects growing adoption of technology, financial literacy initiatives, and expansion of digital infrastructure and alternative lending channels, particularly in underserved areas.