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The Global Findex Database 2017: Measuring Financial Inclusion and the Fintech Revolution

Access to financial services is vital to global development, making it easier to invest in health, education, and business. Accounts with a bank or mobile money service help families manage economic emergencies that can push them into poverty. According to the 2017 Global Findex database, financial inclusion is on the rise globally, but progress is uneven and 1.7 billion adults remain unbanked. The data also show that mobile phones and the internet are opening up access to financial services for millions of people for the first time, and the transformative power of fintech could bring financial services to millions more. To learn more about the Global Findex Database click here.

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GRACE

Submitted 10:11 am, September 28, 2018

Mobile money agents penetrate deeper in the rural areas than formal financial banking channels. In Africa many mobile services providers operate through agents, which is easy to set up and integrate to the mobile money networks, thereby providing much needed jobs. Go to many African cities and the roadside mobile services vendors are numerous. For the women, it means that one can walk a few minutes from the house (likely the neighbourhood grocery store) and transact using mobile money services. The banks in Africa are in a losing race to the rural areas with the mobile money operators.

DR.YOGENDRANATH

Submitted 10:39 am, September 3, 2018

Great.

Mariam

Submitted 6:02 am, August 22, 2018

good info, thank you.

EBRAHIM

Submitted 3:43 am, June 12, 2018

Great

Ki

Submitted 11:09 am, June 5, 2018

Technology will advance and accelerate financial inclusion!

Yatin

Submitted 1:48 am, May 30, 2018

Interesting...

Abdurazak

Submitted 2:50 pm, May 29, 2018

Thank you

Jesús Manuel

Submitted 8:27 am, May 25, 2018

great

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