Latin America: financial inclusion barriers 2019
In 2019, the main obstacle to financial inclusion identified by the banking industry in Latin America was poor financial education. According to a survey carried out among members of the Latin American federation of banks, nearly two thirds of respondents pointed that as the main barrier to financial inclusion in the region. Economic informality was mention by 64 percent of the respondents. That same year, Colombia received the highest financial inclusion score among selected Latin American and Caribbean countries.
