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)