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Infographic By World Bank Group Shows Significant Growth in Financial Inclusion

Financial Inclusion has shown a rapid growth in volume and complexity during the last few decades. A recent Infographic by World Bank Group shows a great scope of opportunities for expanding Global financial inclusion.

Here are some of the highlights from the Infographic:

  • More adults have an account with a financial institution or mobile money service now than three years ago.
  • World-wide, only 2% of adults have a mobile money account. 12% of adults in Sub-Saharan Africa have a mobile money account.
  • 440 million unbanked adults in developing countries receive cash payments for the sale of agricultural products.
  • 355 million account holders send or receive domestic remittance in cash or over the counter.

Source: The World Bank ( http://www.worldbank.org/en/programs/globalfindex/infographics/infographic-global-findex-2014-financial-inclusion)

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