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In June, @WorldBank published their #GlobalFindex Report '21.
The report highlights the need for strong #consumerprotection frameworks to ensure equitable access to #DigitalFinance.
🧵Our key takeaways:
The report highlights the need for strong #consumerprotection frameworks to ensure equitable access to #DigitalFinance.
🧵Our key takeaways:
Digital banking is on the rise globally.
▶️76% have an account with a bank or mobile money provider, up from 51% a decade ago
▶️In developing countries, this % rose from 42% to 71%
▶️ For the 1st time the gender gap between women and men who hold accounts has narrowed to 4%.
▶️76% have an account with a bank or mobile money provider, up from 51% a decade ago
▶️In developing countries, this % rose from 42% to 71%
▶️ For the 1st time the gender gap between women and men who hold accounts has narrowed to 4%.
#InclusiveFinance is critical to meeting the SDGs.
▶️ Digitalisation increases transparency & reduces corruption
▶️ It increases women's financial independence and empowerment
▶️Households are better able to withstand financial shocks and prepare for emergencies.
▶️ Digitalisation increases transparency & reduces corruption
▶️ It increases women's financial independence and empowerment
▶️Households are better able to withstand financial shocks and prepare for emergencies.
