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2 Billion: Number of Adults Worldwide Without Access to Formal Financial Services

In this installment of My Favorite Number, the World Bank Group's Douglas Pearce says he's most intrigued by the number 2 billion. That staggering sum represents the "unbanked"; people without access to transaction accounts. That lack of access is especially a problem for the poor, for women, and for people in rural areas. But a new focus on leveraging data and digital technology is transforming the business model for providing financial services for low income individuals and for small enterprises, and is opening up opportunities which can help reduce poverty for millions.

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Anvar

- Mar 27, 2020
Interesting!

Joy Mildred Adhiambo

- Dec 16, 2019
Number of Adults Worldwide Without Access to Formal Financial Services

Andradiet I.J

- Nov 26, 2019
how about if there is people with wonderful life but not require support of formal financial services

Monir

- Apr 19, 2019
Great idea that each person has to have a bank account

Jafar

- Mar 24, 2019
Sangat menarik dan edukatif

Ki

- Jun 5, 2018
Access to formal financial services in Myanmar is also highly limited now but it is advancing quickly.

LUKANGA

- Jul 29, 2017
educative!

EBRAHIM

- Jul 16, 2017
Great

Jesús Manuel

- Mar 13, 2017
liked and shared,great info.

Marie

- Mar 1, 2017
Women most especially should be educated or advised on the importance of having bank accounts. Many married women especially in developing countries greatly rely on their spouses for such matters and have really not been sensitized on their independence in this issue.
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