Proof Point
1.7 billion adults still unbanked in 2017, with more than 400 million coming from China and India, according to World Bank report
Top Countries with Unbanked Adults
2017 (million adults)
| Note: | 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 |
Proof Point Findings
- Banked vs Unbanked – Banked consumers have accounts in insured financial institutions, while unbanked consumers have no access to financial services
- Unbanked Population – 1.7 billion adults reported by World Bank to have no financial accounts in 2017
- Top Countries – China named as country with most unbanked with 224 million adults without accounts, followed by India (191 million), Pakistan (99 million), and Indonesia (97 million)
- 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
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Market Disruption |
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Source |
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Date Last Updated |
January 2, 2019
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