Financial Inclusion an Opportunity for Women and Fintech

Over the last few years, the financial industry in Mexico has become among the most developed and dynamic in Latin America with the emergence of financial technologies. However, the country´s progress toward financial inclusion in recent years has been limited. Only 47 percent of the total adult population, aged between 18 to 70 years, has an account in a formal bank institution and only 31 percent of the adult population has access to a credit product. In communities of less than 15,000 people, the numbers are even lower with only 22 percent of the adult population having access to credit.