Where Are the Underbanked Areas? — Data Tool
Use the interactive data tool to better understand unbanked and underbanked populations and the financial services they rely on.
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Inclusive Payments Resource Center
The Inclusive Payments Resource Center is a Boston Fed initiative dedicated to advancing payment innovation that fosters a vibrant economy for all. The Center offers insights and tools to help financial institutions, policymakers, and innovators better serve underbanked communities.
Why Instant Payments Matter for Financial Inclusion
Instant payments can give consumers more control over their funds, which helps them to:
- Gain financial flexibility - Moving money between accounts with ease
- Minimize unnecessary fees - Making time-sensitive payments without risking overdraft fees
- Reduce reliance on costly alternatives - Expanding attractive alternatives to expensive payday loans
Real-Life Uses for Instant Payments 
Instant payments can drive simple, accessible, and affordable solutions that are particularly valuable for consumers who are living paycheck to paycheck. Here are a few practical examples:
Rent and Bill Payments
Consumers can pay rent or utility bills on the due date without fear of late fees.
Instant Payroll
Employers can disburse wages as soon as they are earned, improving employee satisfaction and cash flow.
Public Sector Transactions
Government benefits can be delivered efficiently to communities in need.
Insurance Disbursements
Insurance payouts can be delivered immediately when needed most.
Additional Resources
Discover actionable insights, practical examples, and community connections that help organizations across sectors build a more modern and accessible financial system.