[This article is contributed by Patrick Ainslie, and it’s an excerpt from Embracing Informality: Designing Financial Services for China’s Marginalized, a new publication from Reboot, a New York-based consultancy focused on issues of governance and international development.]

Hundreds of millions of migrant workers have flocked to Chinese metropolises in search of opportunity. But financial access has not kept pace with an increasingly transient population. Citizens at the bottom of the economic pyramid lack even the most basic means to save for their children’s education, make purchases on credit, protect their homes through insurance, and send and receive money.

Financial exclusion prevents many of them from realizing their potential and improving their livelihoods.

Start your free trial now.

Get instant access to all our premium content, archives, newsletters, and online community.

Monthly Membership

Yearly Membership

What you get

Full access to all premium content and our full archives

Members'-only newsletters

Preferential access and discounts to all TechNode events

Direct access to the TechNode newsroom

Start your free trial now.

Get instant access to all our premium content, archives, newsletters, and online community.

Monthly Membership

Yearly Membership

Guest Editor

TechNode Guest Editors represent the best our community has to offer: insight and perspective on how technology is affecting business and culture in China