The Center for Financial Inclusion at Accion and MasterCard released Growing Income, Growing Inclusion: How Rising Incomes at the Base of the Pyramid Will Shape Financial Inclusion. The report shows that rising incomes among the world’s poor and near-poor are creating a vast new market for financial services. These shifts highlight the next challenge on the path to financial inclusion – designing ways to successfully serve new and untraditional banking clients.

The Center for Financial Inclusion at Accion today announced that it has received a $400,000 grant for its Financial Inclusion 2020 project from the Bill & Melinda Gates Foundation. The FI2020 project is building a global movement to expand the reach and benefits of a range of quality financial services, using the year 2020 to spark action.