Proof Point
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
Share of Globally Banked Adults By Gender
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
- Developing Economies – Gender gap in bank account ownership continues in developing economies as only 59% of women are banked compared to 67% of men in 2017, according to World Bank
- High-Income Economies – Gap closer in high-income countries at only 2% in 2017
- Key Growth Drivers – Include increasing accessibility of financial products and services, growing demand for financial security, improving household monthly income and employment rates, increasing number of women in workforce, and strengthening regulations to promote more inclusive financial services
|
Market Disruption |
|
|
Sector |
Financial Services
|
|
Source |
|
|
Date Last Updated |
November 27, 2018
|
