Daily Review: Africa Emerges as the Most Important FinTech Battleground

Five-hundred and fifteen million individuals opened an account for the first time over the past three years, reducing the unbanked population to 1.7 billion adults worldwide. However, the new data also reveal critical shortcomings in progress. For instance, the financial inclusion gender gap didn’t improve. Globally, women remain 7% less likely to own a bank account than men. – The Global Findex Database 2017, Measuring Financial Inclusion and the FinTech Revolution

Pick #1. New Global Findex: 69% of Global Population Is Banked

  • Half of the 1.7 billion unbanked individuals worldwide live in just seven countries: Bangladesh, China, India, Indonesia, Mexico, Nigeria, and Pakistan.

  • In higher-income countries, 94% of adults have a bank account, while ...

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