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Two billion people worldwide do not have a bank account or access to a financial institution via a mobile phone, or any other device. But between 2011 and 2014, 700 million adults became account holders, and the unbanked population fell by 20%, down from 2.5 billion. That's according to the World Bank's Global Financial Inclusion database, based on information from more than 140 countries. According to the World Bank's data, more than 20% of unbanked adults receive wages or government transfers in cash, and many people in developing countries pay bills and school fees in cash. ... [Read More]
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