Market Disruption banking the unbanked share of adults
Market Disruption – banking the unbanked – share of adults with bank accounts in selected countries World Bank reports 69% of adults globally are banked in 2017, with Australia, Canada and Netherlands identified as fully-banked Share of Adults with Bank Accounts in Selected Countries 2017, percentage § Banked vs Unbanked – Banked consumers have accounts in insured financial institutions, while unbanked consumers have no access to financial services § Banked Adults – World Bank reports 69% of adults worldwide have accounts in financial institutions in 2017 § Developed Countries – Account ownership more prevalent in high-income countries, with Australia, Canada and Netherlands reported having fully banked adults § Unbanked Economies – South Sudan found to have highest share of unbanked adults, with only 9% adults having accounts, while nearly half of global unbanked population live in Bangladesh, China, India, Indonesia, Mexico, Nigeria, and Pakistan Note: Source: Data from World Bank’s 2017 Global Findex Database of more than 150, 000 adults aged 15 years old and above in over 140 economies 1. The Global Findex Database 2017 , The World Bank, http: //worldbank. org/ 2. Accelerating. Biz analysis § Key Growth Drivers – Include increasing accessibility of financial products and services, growing demand for financial security, improving household monthly income and employment rates, and strengthening regulations to promote more inclusive financial services © 2018 Accelerating. Biz®. Content use subject to subscriber Terms of Service. 1
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