The Global Findex Database 2017
30 Nov 2017 value than the Global Financial Inclusion (Global Findex) database. This invalu- ... Today India's gender gap has shrunk to 6 percent-.
The Global Findex Database 2014: Measuring Financial Inclusion
India with a dormancy rate of 43 percent
FINDEX NOTES
In India 35 percent of adults have a formal account and 8 percent a formal loan according to new data from the Global Financial Inclusion (Global. Findex)
Global Findex Database 2014: Measuring Financial Inclusion
In high-income OECD economies the dormancy rate is 5 percent. Box 1.4 Many new accounts in India—but many dormant ones too. In August 2014 the Indian government
Measuring Financial Inclusion: The Global Findex Dataset
Gallup Inc. – updated and expanded the Global Findex dataset
The Little Data Book on Financial Inclusion 2018
13 Apr 2018 India. Global Findex data exclude Northeast states and remote islands representing less than 10 percent of the population .
Financial Inclusion Digital Payments
https://openknowledge.worldbank.org/bitstream/handle/10986/37578/9781464818974.pdf
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The Global Findex Database 2017
value than the Global Financial Inclusion (Global Findex) database. In India three years ago men were 20 percentage points more likely than.
World Bank Document
19 Apr 2018 The Global Findex Database 2017: Measuring Financial Inclusion and the Fin- ... Today India's gender gap has shrunk to 6 percent-.
[PDF] The Global Findex Database 2021
India has no gender gap in account ownership Use of accounts has grown since 2017 driven by digital payments which 35 percent of adults in India now use
[PDF] FINDEX NOTES - World Bank
The database can be used to track the effects of financial inclusion policies in India and develop a deeper and more nuanced understanding of how people save
The Global Findex Database 2021 - World Bank
The 2021 edition of the Global Findex contains updated indicators on access to and use of formal and informal financial services and digital payments
[PDF] The global Findex database 2021 - India Environment Portal
Global Findex Database 2021: Financial Inclusion Digital Payments and Resilience in the Age COVID-19 20on 20digital 20financial 20inclusion pdf
[PDF] Measuring Financial Inclusion: The Global Findex Dataset
– updated and expanded the Global Findex dataset an unprecedented study of financial inclusion based on interviews with almost 150000 adults in over 140
[PDF] The Little Data Book on Financial Inclusion - UNEP FI
21 oct 2022 · The Global Findex 2021 Database and Little Data Book on Financial Inclusion From India to Kenya the smallest merchants
[PDF] World Bank Document
Financial Inclusion (Global Findex) Database a new set of indicators that measure how adults in 148 mies including Brazil Colombia India and Mexico
(PDF) Determinants of digital financial inclusion in India
27 déc 2022 · The data for this study was collected from the World Bank Global Financial Inclusion (Global Findex) database to find the determinants of
[PDF] GLOBAL EMERGING MARKETS - Martin Currie
1Source: World Bank the Global Findex Database 2017: 2017 Findex full report_chapter1 pdf (worldbank org) THE UNBANKED
Financial inclusion determinants and impediments in India
informal financial activities in India Design/methodology/approach – The data have been collected from the Global Findex Database (Findex) 2017
What is global findex database?
The Global Findex Database provides almost 300 indicators on topics such as account ownership, payments, saving, credit, and financial resilience. Findex data is reported for all indicators by country, region, and income group.How much is financial inclusion in India?
Kembai Srinivasa Rao. According to RBI, the value of annual Financial Inclusion (FI) Index for March 2022 just released stands at 56.4 vis-à-vis 53.9 in March 2021, with growth witnessed across all the sub-indices.What is the financial inclusion project in India?
Financial Inclusion Initiatives
Advised all banks to open Basic Saving Bank Deposit (BSBD) accounts with minimum common facilities such as no minimum balance, deposit and withdrawal of cash at bank branch and ATMs, receipt/ credit of money through electronic payment channels, facility of providing ATM card.- As per Findex 2021, 22% of Indians lack an account in any financial institution. Across banks, INR 267 billion (USD 336 billion) have been lying in around 90 million dormant accounts for more than 10 years, as of December 2020.
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The Global
Findex Database
2017Measuring Financial Inclusion
and the Fintech RevolutionThe Global
Findex Database
2017Measuring Financial Inclusion
and the Fintech RevolutionAsli Demirgüç-Kunt
Leora Klapper
Dorothe Singer
Saniya Ansar
Jake Hess
©2018 International Bank for Reconstruction and Development/The World Bank1818 H Street NW, Washington, DC 20433
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ISBN (paper): 978-1-4648-1259-0
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DOI: 10.1596/978-1-4648-1259-0
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Library of Congress Cataloging-in-Publication Data has been requested | vCONTENTS
Foreword xi
Acknowledgments xiii
About the Global Findex database xv
Overview 1
Why fi nancial inclusion matters for development 1Continued growth in account ownership 2
Persistent inequality in account ownership 4
Who remains unbanked - and reasons why 4
How people make and receive payments 6
How people access and use their accounts 7
Patterns in saving, credit, and fi nancial resilience 8 Increasing fi nancial inclusion through digital technology 101 Account ownership 17
Account ownership around the world 18
Gender gaps in account ownership 23
Gaps in account ownership between richer and poorer 26 Differences in account ownership by other individual characteristics 292 The unbanked 35
Who the unbanked are 36
Why people remain unbanked 39
3 Payments 43
Payments from government to people 44
Payments from businesses to people - private sector wages 47Other payments for work 49
Payments from people to businesses - utility?payments 50Payments between people - domestic remittances 50
4 Use of accounts 55
Use of accounts for digital payments 55
Use of accounts for saving 64
Accounts that remain inactive 64
vi | FINDEX 20175 Saving, credit, and financial resilience 69
How and why people save 69
How and why people borrow 76
Financial resilience 80
Spotlight: Access to mobile phones and the internet around the world 866 Opportunities for expanding financial inclusion through digital
technology 89The landscape for digital payments 89
Opportunities for expanding account ownership among the unbanked 94 Opportunities for increasing the use of accounts among the banked 102References 109
Survey methodology 111
Indicator table 123
Global Findex glossary 127
Figures
O.1 The gender gap in account ownership persists in developing economies 4 O.2 More people who have an account are using it for digital payments 7 O.3 Globally, more than half of adults who save choose to do so at a fi nancial institution 9 O.4 Borrowers are more likely to rely on formal credit in high-income economies than in developing ones 9 O.5 People in high-income economies are more likely to be able to raise emergency funds"and to do so through savings 101.1 Account ownership differs substantially even within income groups 18
1.2 Financial institution accounts have fueled the growth in account ownership since 2011 19
1.3 Account ownership has grown in some developing economies, stagnated in others 20
1.4 Mobile money has boosted account ownership in parts of Sub- Saharan Africa 22
1.5 Mobile money can play an important part in fragile and con" ict-affected economies 22
1.6 Overall in developing economies, women are less likely than men to have an account 23
1.7 The size of the gender gap in account ownership varies across economies 23
1.8 Some developing economies have no appreciable gender gap in account ownership
" and a few have one that goes the other way 241.9 Gender gaps in account ownership have persisted over time 24
1.10 Large gender gaps in account ownership are holding back overall progress in
fi nancial inclusion in some economies 251.11 In some economies mobile money accounts might be helping to narrow the gender
gap in fi nancial inclusion 261.12 Poorer adults are less likely than wealthier ones to have an account 27
1.13 Developing economies tend to have a large gap in account ownership between richer
and poorer adults 271.14 The gaps in account ownership between richer and poorer have changed little since
2011 28
1.15 Mobile money accounts might be helping to reduce the gap in fi nancial inclusion
between richer and poorer in some economies 291.16 Older adults are more likely than young adults to have an account 30
CONTENTS | vii
1.17 The gap in account ownership between older adults and young adults varies widely
among developing economies 301.18 Account ownership is higher among adults active in the labor force 31
1.19 Across a range of economies, adults active in the labor force are more likely to have
an account 312.1 Nearly half of all unbanked adults live in just seven economies 36
2.2 Worldwide, most unbanked adults are?women 37
2.3 Women are overrepresented among the unbanked in most economies 37
2.4 Twice as many unbanked adults live in the poorest households in their economy as in
the richest ones 372.5 In economies where a small share of adults remain unbanked, most of the unbanked
are poor 372.6 Three in 10 unbanked adults are between the ages of 15 and 24 38
2.7 Most unbanked adults have a primary education or less 38
2.8 Almost half of unbanked adults are out of the labor force 38
2.9 Among the unbanked, women are less likely than men to participate in the labor force 39
2.10 Self-employment is the most common form of work for unbanked adults 39
2.11 Lack of enough money is the most commonly cited barrier to account ownership 40
3.1 Except in low-income economies, most people getting government payments
receive them into an account 443.2 In most developing economies governments make payments to people primarily into
accounts 453.3 Some European and Central Asian economies have a particularly high share of adults
receiving public sector wages 463.4 Government transfers are important in some developing economies-and paid
mostly into accounts 463.5 Poorer adults are as likely as richer ones to receive government payments-and to do
so into an account 473.6 In most G-7 economies virtually all private sector wage earners are paid into an
account 483.7 How private sector wage earners are most likely to receive their pay varies across
developing economies 483.8 Women are as likely as men to receive their private sector wages into an account 48
3.9 In most developing economies, though not all, agricultural payments are received
mainly in cash 493.10 Those earning money from self- employment in developing economies are paid
mostly in cash 493.11 One in four people paying utility bills in developing economies does so directly from
an account 503.12 In Sub-Saharan Africa domestic remittances are particularly important-and are sent
and received mainly by using an account 514.1 More people are using their account to make or receive digital payments 56
4.2 The share of account owners using digital payments varies widely across developing
economies 564.3 In developing economies where most adults already had an account, a?growing share
are using theirs for digital payments 574.4 In high-income economies four-fi fths of adults use a debit or credit card 58
4.5 Debit card ownership and use have grown in developing economies, though slowly 58
viii | FINDEX 20174.6 Debit card ownership and use vary widely among developing economies 59
4.7 Half of adults in high-income economies use a mobile phone or the internet to make
transactions from their account 604.8 Account owners in China tend to make mobile payments through apps, those in
Kenya through mobile money accounts 61
4.9 More than half of adults in high-income economies use a mobile phone or the
internet to check the balance in their fi nancial institution account 614.10 On average in high-income economies, two-thirds of adults use the internet to pay
bills or shop online 634.11 In developing economies a far smaller share of adults use the internet for paying bills
or shopping online 634.12 Online shoppers tend to pay online in China - but in cash on delivery in most other
developing economies 644.13 Most people who use their account to save also use it to make or receive digital
payments 644.14 Globally, one in fi ve account owners has an account that was inactive in the past year 65
4.15 In India almost half of account owners have an account that remained inactive in the
past year 655.1 Globally, more than half of adults who save choose to do so at a fi nancial institution 70
5.2 More account ownership does not necessarily translate into more formal saving 71
5.3 Account owners do not necessarily use their account to save-or even save at all 71
5.4 Almost a third of unbanked adults save 72
5.5 Savings behavior varies widely across developing economies 73
5.6 In developing economies men are more likely than women to save formally 74
5.7 Adults living in the poorest 40 percent of households in their economy are less likely
to save formally 755.8 The most common source of credit in high-income economies is formal borrowing-
in developing economies, family or friends 765.9 Individual developing economies show much variation in the most common source
of?credit 775.10 Credit card use dominates formal borrowing in high-income economies 78
5.11 People in high-income economies are more likely to be able to raise emergency
funds-and to do so through savings 815.12 People in different developing economies may turn to different sources
for emergency funds 825.13 For adults active in the labor force in developing economies, money from working is
the main source of emergency funds 825.14 Among agricultural households experiencing a bad harvest or signifi cant loss of
livestock in Sub-Saharan Africa, most bear all the fi nancial risk themselves 836.1 Mobile phone ownership among the unbanked varies across economies but tends to
be high 926.2 In Sub- Saharan Africa mobile phone ownership offers large opportunities among the
unbanked 936.3 The unbanked are relatively unlikely to?have both a mobile phone and access?to the
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