BankTech

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.                                                                                                                                                                                                                                                                Infographic_v5

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

Ray

Ray has keen interest in the area of devices, OS and wireless technologies. He is a Mobile Technology enthusiast and believes that Mobility is going to completely change the way we do Payments and Commerce. He wishes to share this belief with the world by providing such content through LetsTalkPayments. Ray has done his engineering as well as MBA.

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