Monday, June 11, 2018

The World Bank recently released their Global Findex 2017, which updates their comprehensive data set on how adults save, borrow, make payments, and manage risk across 140 economies. This data set and accompanying report provide a wealth of information about unserved and underserved customer segments that can be leveraged by financial institutions interested in expanding their customer base.

The Global Findex finds that financial institutions are still the main driver for financial inclusion. Among the 69% of individuals who are account owners, 64% have a financial institution account only, 3% have both a financial institution account and a mobile money account, and 1% have a mobile money account only.

IIF Authors

Conan French

Conan French - IIF
Senior Advisor for Innovation and Fintech

Amin Khairy

Policy Advisor in Innovations