news - Increased financial inclusion reducing global poverty: World Bank

The World Bank's Global Findex database, which is published every three years, measures how adults around the world save, borrow, make payments and manage risk, while tracking the progress of targets set by the World Bank to provide universal financial access by 2020, as well as toward fulfilment of the Sustainable Development Goals. The 2017 database reports that 515 million adults had opened an account with a financial institution or mobile banking service since 2014, meaning that 69% of the world's adults now have an account, up from 62% three years earlier.

The survey of more than 150,000 adults in 140-plus countries and territories finds that African adults in particular are conducting banking operations with their mobile phones.

Sources: World Bank