ALRAQABA . ISSUE 20 55 At an international level, financial inclusion has received significant attention within the framework of the United Nations Sustainable Development Goals (SDGs) 2030, issued in 2015, as it directly affected most of the Goals. The topic of financial inclusion has imposed itself due to the realities on the ground, the requirements of change and transformation, and those of sustainable development, making it the central theme of this book. The book addresses the topic of financial inclusion and its importance in promoting economic development and achieving sustainable development. It highlights the importance of providing financial services to all, including vulnerable and economically marginalized groups. The book also presents strategies and solutions to promote financial inclusion by providing essential financial services such as bank accounts, credit, and insurance to disadvantaged groups. Accordingly, we will briefly address the book’s chapters, which contain six of them. Chapter One: The Concept of Financial Inclusion Many definitions have been used to explain the concept of financial inclusion, and even though they differ in some aspects, what brings them closer together is that they focus on almost the exact dimensions. Therefore, we will mention one of the definitions. Definition of financial Inclusion: It is a state in which every individual can access a full range of quality financial services that are provided at affordable prices, in a convenient and accessible manner, and with respect and dignity. Dimensions of financial inclusion: Arguably, financial inclusion has three dimensions: • Access to service • Usage of service • Quality of service Benefits of Financial Inclusion: 1. Facilitates the efficient allocation of productive resources, potentially reducing the cost of capital. 2. Provides access to appropriate financial services. 3. Reduces the growth of informal credit sources. 4. Promotes efficiency and well-being by offering means to ensure proper saving practices. Chapter Two: Financial Inclusion and Digital Transformation Matters The transformation to digital financial services has helped societies to promote financial inclusion. It began before the COVID-19 pandemic and accelerated further during and post-pandemic. This transformation has benefited many low-income families, companies, and small enterprises with limited opportunities to utilize conventional financial services. With the enforcement of a complete lockdown at the beginning of the pandemic, there has been a rapid shift toward digital financial services. The Republic of China has also precipitated the launch of digital payment methods and electronic commerce. Some requirements must be met in the areas supporting financial digital transformation or financial technology, the most important of which are the following: Featured Book
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