The reality and challenges of financial inclusion in Brazil

Abstract

The pace is accelerating with the increasing interest in financial inclusion, and the generalization of financial and banking services to reach all segments of society, as well as its inclusion in the strategic objectives of each country because of its direct and indirect positive effects that are reflected on the level of growth, economic and social development, as well as on justice and equality in the distribution of income and reducing unemployment levels Therefore, we find that the hypothesis of the research was about the possibility of financial inclusion to reach the financially marginalized groups and include them in the official financial system if it has the legislative and legal environment for that, and therefore the most important result reached by the research was that financial inclusion in Brazil has achieved significant levels. Indicators of financial inclusion indicate that financial inclusion is still in its infancy and that it needs more effort in order to strengthen and enhance financial inclusion in Brazil in order to keep pace with the increasing numbers of the population.