{"id":59037,"date":"2023-10-05T16:29:35","date_gmt":"2023-10-05T08:29:35","guid":{"rendered":"https:\/\/www.imoney.my\/articles\/?p=59037"},"modified":"2023-10-05T16:29:35","modified_gmt":"2023-10-05T08:29:35","slug":"malaysia-ranks-up-financial-inclusion","status":"publish","type":"post","link":"https:\/\/www.imoney.my\/articles\/malaysia-ranks-up-financial-inclusion","title":{"rendered":"Malaysia Ranks 18th Place In Global Financial Inclusion Index"},"content":{"rendered":"<p>Malaysia achieved a relatively high spot in the recently published <a href=\"https:\/\/www.principal.com\/financial-inclusion\/\" target=\"_blank\" rel=\"noopener\">2023 Global Financial Inclusion Index<\/a> by <a href=\"https:\/\/www.principal.com\/\" target=\"_blank\" rel=\"noopener\">Principal Financial Group<\/a> (<a href=\"https:\/\/www.imoney.my\/articles\/malaysian-retirement-survey-with-principal\" target=\"_blank\" rel=\"noopener\">Principal<\/a>) and the Centre for Economics and Business Research (CEBR).<\/p>\n<p>Rising up two spots to 18th place out of 42 global markets, Malaysia improved in two of the three pillars of financial inclusion, going up from 24th to 22nd in government support, 23rd to 17th for financial system support, and maintaining its ranking for employee support at 5th place.<\/p>\n<p>Significant improvements in Malaysia\u2019s digital economy have also played a prominent role in improving the country\u2019s overall financial inclusion position, moving up to 14th place in \u2018volume of real-time transactions\u2019 and to 24th place for \u2018online connectivity\u2019 indicators.<\/p>\n<p>\u201cIt\u2019s encouraging to see Malaysia not only rise in the rankings, but to also see an increase in the number of people who feel financially included in this country,\u201d said Munirah Khairuddin, country head and chief executive officer, Principal Malaysia.<\/p>\n<p>\u201cThe continued focus on digitisation and other initiatives that eliminate barriers to people\u2019s ability to save and invest will further improve financial inclusion across the country.\u201d She said in an official statement release.<\/p>\n<p>While Malaysia continues to improve its financial inclusivity, our neighbour Singapore still retains its position as the world\u2019s top market for financial inclusion.<\/p>\n<p><strong>Read more: <a href=\"https:\/\/www.imoney.my\/articles\/principal-two-new-funds\" target=\"_blank\" rel=\"noopener\">Principal Expands Its Shariah-Compliant Offerings With Two New Funds<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Data also indicates a significant increase in positive perception of financial inclusion in the country.<\/p>\n","protected":false},"author":47,"featured_media":59039,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[271,216],"tags":[1162,1041,1600,1599,1598,1107,520,1106],"class_list":["post-59037","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy","category-news-updates","tag-finance","tag-financial-inclusion","tag-financial-inclusivity","tag-financial-market","tag-global-financial-inclusion-index","tag-malaysia","tag-principal","tag-singapore"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Malaysia Ranks Up In Global Financial Inclusion Index<\/title>\n<meta name=\"description\" content=\"Financial inclusion has improved globally and Malaysia managed to increase its ranking in the Global Financial Inclusion Index.\" \/>\n<meta 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