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Preconditions for Financial Inclusion: Significant proportion of Pakistanis meet the necessary criteria to use digital financial services in Pakistan; 95% each have the necessary ID and numeracy skills, 77% have mobile phone access; financial literacy however is under 20%.

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According to the Financial Inclusion Insights (FII) Survey by InterMedia (a global research and consultancy firm), fieldwork conducted by Gallup Pakistan, significant proportion of Pakistanis meet the necessary criteria to use digital financial services in Pakistan; 95% each have the necessary ID and numeracy skills, 77% have mobile phone access; financial literacy however is under 20%.

Resources (having the necessary ID card, mobile phone access, sim card ownership and geographical access) and knowledge and skills (mobile money awareness, financial literacy, numeracy and ability to send or receive a text) are some of the preconditions to financial inclusion. This press release gives an overview of these preconditions, explains the financial landscape and helps identify the barriers to financial inclusion in the country.

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