Asia Set to Lead Global Financial Inclusion by 2030, Says UnaFinancial Report

SINGAPORE, May 6, 2025 – Financial inclusion across Asia is on a strong upward trajectory, with the region projected to surpass the global average and reach 80.2% by 2030, according to a new report from analysts at UnaFinancial. The data positions Asia as a rising global leader in financial accessibility, powered by digital transformation, regulatory reforms, and expanding fintech infrastructure.

The findings come from a comprehensive index of financial accessibility developed by UnaFinancial, which analyses account ownership, digital payment adoption, card usage, and saving and borrowing behaviour. Each factor was carefully weighted to reflect its influence on access to finance.

Based on the index, financial inclusion in Asia is expected to reach 69.5% in 2024—up from 67.2% the previous year. Over the last 15 years, financial inclusion in the region has surged by a notable 82%, a pace that has now allowed it to surpass the global average of 67.4%.

From Lagging Behind to Taking the Lead

UnaFinancial’s analysts highlighted a significant shift in Asia’s financial development story. “Between 2010 and 2015, Asia was behind other regions in terms of financial accessibility,” noted the report. “However, from 2016 to 2022, the region caught up—and now it’s clearly outpacing global benchmarks.”

The study credits this transformation to a wave of digital innovation and more inclusive regulatory environments. Fintech platforms, mobile banking solutions, and alternative lending models have broadened the reach of financial services, even in traditionally underserved rural and remote areas.

Strong Forecast Backed by Tech and Policy Innovation

Looking ahead, the region’s financial future appears bright. UnaFinancial predicts that by 2030, 8 in 10 adults in Asia will have access to formal financial services—compared to a global estimate of 76.8%. Analysts attribute this projected growth to several converging forces.

“Technology adoption, particularly in mobile payments and alternative lending, will continue to reshape the region’s financial landscape,” said one expert at UnaFinancial. “Equally important are educational efforts, the rollout of digital infrastructure, and policy frameworks that support innovation while protecting consumers.”

These developments are fostering a more inclusive financial ecosystem—one that can help close long-standing gaps and lift economic participation across diverse socio-economic groups.

Asia’s Blueprint for Inclusive Growth

With countries like India, Indonesia, the Philippines, and Vietnam making significant strides in fintech and digital banking, Asia is shaping up to be a model for inclusive financial growth. Governments and private players are increasingly collaborating on initiatives that prioritise access, affordability, and financial literacy.

Whether it’s mobile wallets allowing farmers to save and transact securely, or microlending platforms supporting small business owners, the momentum behind financial inclusion in Asia is not just about access—it’s about empowerment.

As the global economy becomes more digitally driven, Asia’s progress could serve as a playbook for regions still working to close their financial accessibility gaps.