Market Disruption > Capital Markets
Low-cost, basic banking solutions, often delivered through mobile devices, are helping financial institutions serve unbanked populations, enabling greater economic growth
Low-cost, basic banking solutions, often delivered through mobile devices, are helping financial institutions serve unbanked populations, enabling greater economic growth
Illustrative Disruptions
- Growing customer base – Expanding serviceable markets as unbanked populations gain access to financial platforms and are able to buy products and services sold online
- Increasing capital – Making deposits that contribute to increased capital availability that companies can use to grow businesses
- Potential local partnerships – Enabling financial mechanisms that open up opportunities for mutually-beneficial partnerships with local, grassroots suppliers
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Top Countries with Unbanked Adults 1.7 billion adults still unbanked in 2017, with more than 400 million coming from China and India, according to World Bank report January 2, 2019 |
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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 November 29, 2018 |
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Share of Globally Banked Adults By Gender World Bank reports gender gap in bank account ownership continues to persist in developing economies, where only 59% of women were banked compared to 67% for men in 2017 November 27, 2018 |
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Share of Banked Adults Who Made or Received Digital Payments Worldwide Percentage of adults globally who use bank accounts to make or receive digital payments grew from 41% in 2014 to 52% in 2017, driven by increased usage in developing economies November 21, 2018 |
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Registered Mobile Money Accounts by Geographic Region GSMA data showed registered mobile money accounts globally grew 45% annually, from 86.8 million in 2011 to 555.6 million in 2016 August 28, 2018 |
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Online payment software provider Stripe introduced Stripe Capital, new loan service for Internet businesses integrated to its platform September 6, 2019 |
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Paypal launching new features that enable unbanked population to participate in digital economy, including ability to shop online and deposit paychecks directly to Paypal accounts April 16, 2018 |
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Veridium and Wala to introduce zero-fee and biometrics-authenticated digital banking model to serve sub-Saharan Africa’s unbanked population November 19, 2017 |
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Fintech startup Nubank testing and rolling out new digital bank account service NuConta for Brazil’s unbanked November 1, 2017 |
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Asian startup Omise created OmiseGO, white-label digital wallet that promotes financial inclusion and efficient peer-to-peer financial transactions using blokchain technology July 5, 2017 |
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