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The following list ranks countries by the share of population with access to financial services. Access to financial services is defined as the share of the adult population (population ages 15+) with an account ownership at a financial institution or with a mobile-money-service provider. The data for the ranking taken from the Global Financial ...
However, in many countries financial access is still limited to only 20–50 percent of the population, excluding many poor individuals and SMEs. [4] Many reasons could explain the limited financial access especially among the poor. First, the poor lack the education and knowledge needed to understand financial services that are available to them.
Financial inclusion is the availability and equality of opportunities to access financial services. [1] It refers to processes by which individuals and businesses can access appropriate, affordable, and timely financial products and services—which include banking , loan , equity , and insurance products.
In a country where taking part in the banking system is a necessary tool for economic opportunity, about 1 in 25 Americans still don't participate. ... severely limiting access to financial ...
Change in access to a financial account or services between 2005 and 2014 by country [2]. The term "financial services" became more prevalent in the United States partly as a result of the Gramm–Leach–Bliley Act of the late 1990s, which enabled different types of companies operating in the U.S. financial services industry at that time to merge.
1. Denmark: 71% (tie) The European country of Denmark is tied for the number one spot with Norway and Sweden, with 71% financial literacy. In general, according to Tell Us, though there is high ...
Over the past year, COVID-19 has infected tens of millions of people and taken millions of lives. Additionally, those who have managed to evade infection have suffered unprecedented economic ...
This is a list of countries by mobile banking usage as measured by the percentage of the population. Mobile banking is generally defined as a service provided a financial institution that allows its customers to conduct financial transactions remotely using a mobile device .