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DAILY NEWS ANALYSIS
07 July, 2022
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World Bank has released 'The Global Findex Report 2021'.
The Global Findex surveys over 125,000 adults in 123 economies during Covid-19 to better understand how people use formal and informal financial services and digital payment systems.
Finding of the report
Account Ownership
Access to Formal Banking:
Unbanking:
Covid-19 and Digital Payments:
Mobile Money:
Financial providers helped expand financial Access:
Financial Worries:
Recommendations
As to move out of the pandemic and as governments seek to consolidate the momentum and expand access to digital banking services, policies must factor in protections for the most vulnerable section of society including women, the poor, and those with limited educational attainment or financial literacy. The gender gap in mobile access must be addressed to ensure equitable progress on financial inclusion.
Source: World Bank
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