Knowledge Note

Recent years have seen explosive progress in financial inclusion. Worldwide, 62 percent of adults have a financial institution or mobile money account, up from 51 percent in 2011. But 2 billion poor adults remain excluded from the financial system, with unmet needs and untapped market potential. Drawing on new data from the 2014 Global Financial Inclusion (Global Findex) database, this note profiles the unbanked and explains how governments and the private sector can help bring them into the financial system.