Proof Point

    0

World Bank reports 69% of adults globally are banked in 2017, with Australia, Canada and Netherlands identified as fully-banked

Share of Adults with Bank Accounts in Selected Countries
2017 (percentage)

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
  • Banked Adults – World Bank reports 69% of adults worldwide have accounts in financial institutions in 2017
  • Developed Countries – Account ownership more prevalent in high-income countries, with Australia, Canada and Netherlands reported having fully banked adults
  • Unbanked Economies – South Sudan found to have highest share of unbanked adults, with only 9% adults having accounts, while nearly half of global unbanked population live in Bangladesh, China, India, Indonesia, Mexico, Nigeria, and Pakistan
  • 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
Market Disruption: Banking the Unbanked
Source: 

Date Last Updated: November 29, 2018

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