Small and medium enterprises are a primer driver for job creation and gross domestic product (GDP) growth. Therefore, fostering a dynamic SME sector is seen as a priority among economic development goals in both developed and emerging economies. This can be achieved by helping financial institutions to provide a full range of qualitative, meaningful and affordable services to small and medium enterprises around the globe.
Further, an estimated 2 billion working-age adults globally have no access to the types of formal financial services delivered by regulated financial institutions. The availability of financial services that meet the specific needs of users without discrimination is a key objective of financial inclusion.
Guided by the highest standards used in the financial industry, we aim to foster the SME sector development and increase financial inclusion in the world by promoting financial industry performance standards and clear regulation, and by guiding financial institutions to:
- offer a full range of affordable and client-centred services, including credit, savings, payment and money transfer services and others
- become sound and safe
- grow in responsible ways, thus ensuring financial and institutional sustainability, continuity and certainty of investment
- stand out from the competition.
Driven by ambition to foster financial inclusion around the globe, we adhere to the following values:
“Be the change that you wish to see in the world.”