Two billion adults lack access to banking: World Bank report

  • Around two billion adults lack access to banking facilities globally, a World Bank study has revealed.

    Over half of adults in the poorest areas of the world were still outside the financial system, the Global Findex report said.

    There has, however, been an 11% increase in adults with bank accounts, thanks to greater use of technology, especially, in developing countries.

    Greater access to banking can create more jobs, give a boost to education and play a “critical” role in tackling poverty, the report said.

    Tagged as: adults, banking, World Bank, financial system, Global Findex report, bank accounts, business news