The Global Findex Database 2014 : Measuring Financial Inclusion around the World

The Global Financial Inclusion (Global Findex) database, launched by the World Bank in 2011, provides comparable indicators showing how people around the world save, borrow, make payments, and manage risk. The 2014 edition of the database reveals t...

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Main Authors:	Demirguc-Kunt, Asli, Klapper, Leora, Singer, Dorothe, Van Oudheusden, Peter
Format:	Working Paper
Language:	English en_US
Published:	World Bank, Washington, DC 2015
Subjects:	EMPOWERMENT FINANCIAL SERVICES ECONOMIC GROWTH ENTERPRISE DEVELOPMENT DEPOSITS RISK OF FRAUD MONEY LAUNDERING MERCHANTS FINANCING ACCOUNT OWNERSHIP FINANCIAL ASSISTANCE LOANS FROM FAMILY SAVINGS ACCOUNTS REMITTANCE AVAILABILITY OF CREDIT BANKING SERVICES ENTREPRENEURS DISCRIMINATION LOAN SHARK COOP MONEY TRANSFER LOAN FEE BORROWERS SAVINGS PRODUCT CREDIT CARD HOUSEHOLD ACCESS PAYMENTS BANKRUPTCY PAYMENTS INFRASTRUCTURE PRIVATE LENDER RURAL BANKS EXPATRIATES ECONOMIC ACTIVITY AFFORDABLE PRICES GENDER GAP ACCESS TO ACCOUNTS DISCRIMINATION AGAINST WOMEN HOUSING FINANCE FINANCIAL INSTITUTION COMMERCIAL BANK FINANCIAL SERVICE PROVIDER PHONE PENETRATION FINANCIAL INSTITUTIONS PAYMENT DEBT SOURCE OF FUNDS MICRO- ENTERPRISE FARMERS ELECTRONIC PAYMENTS POOR CREDIT TERM CREDIT BANKS FORMAL FINANCIAL INSTITUTION SAVINGS RATES AFFORDABILITY CAPITAL INSTALLMENT LACK OF ACCESS OVERDRAFT BANK FAILURES ACCESS TO FINANCE FINANCIAL EXCLUSION CASH PAYMENTS GENDER PRIVATE LENDERS BANK SMALLHOLDER HOUSEHOLD FINANCIAL ACCOUNT FINANCIAL SERVICE PROVIDERS SMALLHOLDER FARMERS CASH MANAGEMENT SAVINGS PRODUCTS INFORMAL LENDER PAYMENT OF WAGES SECURITIES MICROFINANCE ECONOMIC DEVELOPMENT EMPLOYER HOUSEHOLDS ACCESS TO SERVICES FINANCIAL SUPPORT GREATER ACCESS POINT-OF-SALE TERMINALS FEES REMITTANCES ACCOUNT HOLDER POINT-OF-SALE HOUSEHOLD DEBT COOPERATIVE DEVELOPMENT BANK ACCOUNT HOLDERS INCOME GROUPS EMPLOYEES MICROFINANCE INSTITUTION BUSINESS OWNERS DEPOSIT ELECTRONIC TRANSFERS CREDIT CARDS ATM CARDS PEOPLE OUTSTANDING LOAN FORMAL SAVING PROPERTY RIGHTS INCOME GROUP BANK ACCOUNT EXCLUSION MORTGAGE DIRECT DEPOSIT SUBSIDY SAVING CULTURAL NORMS INTERNATIONAL BANK CASH WITHDRAWALS LENDER PAWN SHOPS ACCESS TO FINANCIAL SERVICES ANTI-MONEY LAUNDERING BENEFIT PAYMENTS MORTGAGES SAVINGS SOURCE OF CREDIT ECONOMIC CRISES UNION HOUSEHOLD INCOME INFORMAL SAVING FINANCIAL PRODUCTS LENDERS SOCIAL SECURITY LOANS FINANCIAL SYSTEM INFORMAL LOANS REGULAR PAYMENTS DEBIT CARDS REAL ESTATE FINANCE PAWN FIRST ACCOUNT GOVERNMENT SECURITIES UNEMPLOYMENT EQUITY CREDIT DECISIONS PAYDAY LENDER ECONOMIC DIFFICULTIES BANKING CRISIS FAMILY CREDIT ACCESS SAVINGS RATE CREDIT FORMAL FINANCIAL SERVICES SAVINGS MECHANISM DOCUMENTATION REQUIREMENTS EMPLOYMENT STATUS ELECTRONIC DEPOSITS EXCLUSIONS ENTERPRISE INFORMAL SAVINGS PROPERTY FINANCIAL ACCESS VOUCHERS TRANSACTION COSTS FINANCIAL SERVICE CREDIT UNION BANK ACCOUNTS FORMAL SAVINGS ACCESS TO CREDIT AGRICULTURAL PRODUCTS PAWN SHOP CREDIT ASSOCIATION SOCIAL BANKING FINANCIAL DEVELOPMENT SECURITY BANK BRANCH INVESTMENT COLLATERAL FINANCIAL MARKETS MICRO- ENTERPRISE DEVELOPMENT REGULAR PAYMENT BORROWING INVESTMENTS INFORMAL LENDERS DEBIT CARD ACCOUNT OWNERS CASH DEPOSITS WOMEN PUBLIC BANKS BANKING CRISES BANK BRANCHES FORMAL CREDIT MORTGAGE MARKET GUARANTEE MEDICAL EXPENSES INEQUALITY
Online Access:	http://documents.worldbank.org/curated/en/2015/04/24368699/global-findex-database-2014-measuring-financial-inclusion-around-world http://hdl.handle.net/10986/21865

id	okr-10986-21865
recordtype	oai_dc
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	English en_US
topic	EMPOWERMENT FINANCIAL SERVICES ECONOMIC GROWTH ENTERPRISE DEVELOPMENT DEPOSITS RISK OF FRAUD MONEY LAUNDERING MERCHANTS FINANCING ACCOUNT OWNERSHIP FINANCIAL ASSISTANCE LOANS FROM FAMILY SAVINGS ACCOUNTS REMITTANCE AVAILABILITY OF CREDIT BANKING SERVICES ENTREPRENEURS DISCRIMINATION LOAN SHARK COOP MONEY TRANSFER LOAN FEE BORROWERS SAVINGS PRODUCT CREDIT CARD HOUSEHOLD ACCESS PAYMENTS BANKRUPTCY PAYMENTS INFRASTRUCTURE PRIVATE LENDER RURAL BANKS EXPATRIATES ECONOMIC ACTIVITY AFFORDABLE PRICES GENDER GAP ACCESS TO ACCOUNTS DISCRIMINATION AGAINST WOMEN HOUSING FINANCE FINANCIAL INSTITUTION COMMERCIAL BANK FINANCIAL SERVICE PROVIDER PHONE PENETRATION FINANCIAL INSTITUTIONS PAYMENT DEBT SOURCE OF FUNDS MICRO- ENTERPRISE FARMERS ELECTRONIC PAYMENTS POOR CREDIT TERM CREDIT BANKS FORMAL FINANCIAL INSTITUTION SAVINGS RATES AFFORDABILITY CAPITAL INSTALLMENT LACK OF ACCESS OVERDRAFT BANK FAILURES ACCESS TO FINANCE FINANCIAL EXCLUSION CASH PAYMENTS GENDER PRIVATE LENDERS BANK SMALLHOLDER HOUSEHOLD FINANCIAL ACCOUNT FINANCIAL SERVICE PROVIDERS SMALLHOLDER FARMERS CASH MANAGEMENT SAVINGS PRODUCTS INFORMAL LENDER PAYMENT OF WAGES SECURITIES MICROFINANCE ECONOMIC DEVELOPMENT EMPLOYER HOUSEHOLDS ACCESS TO SERVICES FINANCIAL SUPPORT GREATER ACCESS POINT-OF-SALE TERMINALS FEES REMITTANCES ACCOUNT HOLDER POINT-OF-SALE HOUSEHOLD DEBT COOPERATIVE DEVELOPMENT BANK ACCOUNT HOLDERS INCOME GROUPS EMPLOYEES MICROFINANCE INSTITUTION BUSINESS OWNERS DEPOSIT ELECTRONIC TRANSFERS CREDIT CARDS ATM CARDS PEOPLE OUTSTANDING LOAN FORMAL SAVING PROPERTY RIGHTS INCOME GROUP BANK ACCOUNT EXCLUSION MORTGAGE DIRECT DEPOSIT SUBSIDY SAVING CULTURAL NORMS INTERNATIONAL BANK CASH WITHDRAWALS LENDER PAWN SHOPS ACCESS TO FINANCIAL SERVICES ANTI-MONEY LAUNDERING BENEFIT PAYMENTS MORTGAGES SAVINGS SOURCE OF CREDIT ECONOMIC CRISES UNION HOUSEHOLD INCOME INFORMAL SAVING FINANCIAL PRODUCTS LENDERS SOCIAL SECURITY LOANS FINANCIAL SYSTEM INFORMAL LOANS REGULAR PAYMENTS DEBIT CARDS REAL ESTATE FINANCE PAWN FIRST ACCOUNT GOVERNMENT SECURITIES UNEMPLOYMENT EQUITY CREDIT DECISIONS PAYDAY LENDER ECONOMIC DIFFICULTIES BANKING CRISIS FAMILY CREDIT ACCESS SAVINGS RATE CREDIT FORMAL FINANCIAL SERVICES SAVINGS MECHANISM DOCUMENTATION REQUIREMENTS EMPLOYMENT STATUS ELECTRONIC DEPOSITS EXCLUSIONS ENTERPRISE INFORMAL SAVINGS PROPERTY FINANCIAL ACCESS VOUCHERS TRANSACTION COSTS FINANCIAL SERVICE CREDIT UNION BANK ACCOUNTS FORMAL SAVINGS ACCESS TO CREDIT AGRICULTURAL PRODUCTS PAWN SHOP CREDIT ASSOCIATION SOCIAL BANKING FINANCIAL DEVELOPMENT SECURITY BANK BRANCH INVESTMENT COLLATERAL FINANCIAL MARKETS MICRO- ENTERPRISE DEVELOPMENT REGULAR PAYMENT BORROWING INVESTMENTS INFORMAL LENDERS DEBIT CARD ACCOUNT OWNERS CASH DEPOSITS WOMEN PUBLIC BANKS BANKING CRISES BANK BRANCHES FORMAL CREDIT MORTGAGE MARKET GUARANTEE MEDICAL EXPENSES INEQUALITY
spellingShingle	EMPOWERMENT FINANCIAL SERVICES ECONOMIC GROWTH ENTERPRISE DEVELOPMENT DEPOSITS RISK OF FRAUD MONEY LAUNDERING MERCHANTS FINANCING ACCOUNT OWNERSHIP FINANCIAL ASSISTANCE LOANS FROM FAMILY SAVINGS ACCOUNTS REMITTANCE AVAILABILITY OF CREDIT BANKING SERVICES ENTREPRENEURS DISCRIMINATION LOAN SHARK COOP MONEY TRANSFER LOAN FEE BORROWERS SAVINGS PRODUCT CREDIT CARD HOUSEHOLD ACCESS PAYMENTS BANKRUPTCY PAYMENTS INFRASTRUCTURE PRIVATE LENDER RURAL BANKS EXPATRIATES ECONOMIC ACTIVITY AFFORDABLE PRICES GENDER GAP ACCESS TO ACCOUNTS DISCRIMINATION AGAINST WOMEN HOUSING FINANCE FINANCIAL INSTITUTION COMMERCIAL BANK FINANCIAL SERVICE PROVIDER PHONE PENETRATION FINANCIAL INSTITUTIONS PAYMENT DEBT SOURCE OF FUNDS MICRO- ENTERPRISE FARMERS ELECTRONIC PAYMENTS POOR CREDIT TERM CREDIT BANKS FORMAL FINANCIAL INSTITUTION SAVINGS RATES AFFORDABILITY CAPITAL INSTALLMENT LACK OF ACCESS OVERDRAFT BANK FAILURES ACCESS TO FINANCE FINANCIAL EXCLUSION CASH PAYMENTS GENDER PRIVATE LENDERS BANK SMALLHOLDER HOUSEHOLD FINANCIAL ACCOUNT FINANCIAL SERVICE PROVIDERS SMALLHOLDER FARMERS CASH MANAGEMENT SAVINGS PRODUCTS INFORMAL LENDER PAYMENT OF WAGES SECURITIES MICROFINANCE ECONOMIC DEVELOPMENT EMPLOYER HOUSEHOLDS ACCESS TO SERVICES FINANCIAL SUPPORT GREATER ACCESS POINT-OF-SALE TERMINALS FEES REMITTANCES ACCOUNT HOLDER POINT-OF-SALE HOUSEHOLD DEBT COOPERATIVE DEVELOPMENT BANK ACCOUNT HOLDERS INCOME GROUPS EMPLOYEES MICROFINANCE INSTITUTION BUSINESS OWNERS DEPOSIT ELECTRONIC TRANSFERS CREDIT CARDS ATM CARDS PEOPLE OUTSTANDING LOAN FORMAL SAVING PROPERTY RIGHTS INCOME GROUP BANK ACCOUNT EXCLUSION MORTGAGE DIRECT DEPOSIT SUBSIDY SAVING CULTURAL NORMS INTERNATIONAL BANK CASH WITHDRAWALS LENDER PAWN SHOPS ACCESS TO FINANCIAL SERVICES ANTI-MONEY LAUNDERING BENEFIT PAYMENTS MORTGAGES SAVINGS SOURCE OF CREDIT ECONOMIC CRISES UNION HOUSEHOLD INCOME INFORMAL SAVING FINANCIAL PRODUCTS LENDERS SOCIAL SECURITY LOANS FINANCIAL SYSTEM INFORMAL LOANS REGULAR PAYMENTS DEBIT CARDS REAL ESTATE FINANCE PAWN FIRST ACCOUNT GOVERNMENT SECURITIES UNEMPLOYMENT EQUITY CREDIT DECISIONS PAYDAY LENDER ECONOMIC DIFFICULTIES BANKING CRISIS FAMILY CREDIT ACCESS SAVINGS RATE CREDIT FORMAL FINANCIAL SERVICES SAVINGS MECHANISM DOCUMENTATION REQUIREMENTS EMPLOYMENT STATUS ELECTRONIC DEPOSITS EXCLUSIONS ENTERPRISE INFORMAL SAVINGS PROPERTY FINANCIAL ACCESS VOUCHERS TRANSACTION COSTS FINANCIAL SERVICE CREDIT UNION BANK ACCOUNTS FORMAL SAVINGS ACCESS TO CREDIT AGRICULTURAL PRODUCTS PAWN SHOP CREDIT ASSOCIATION SOCIAL BANKING FINANCIAL DEVELOPMENT SECURITY BANK BRANCH INVESTMENT COLLATERAL FINANCIAL MARKETS MICRO- ENTERPRISE DEVELOPMENT REGULAR PAYMENT BORROWING INVESTMENTS INFORMAL LENDERS DEBIT CARD ACCOUNT OWNERS CASH DEPOSITS WOMEN PUBLIC BANKS BANKING CRISES BANK BRANCHES FORMAL CREDIT MORTGAGE MARKET GUARANTEE MEDICAL EXPENSES INEQUALITY Demirguc-Kunt, Asli Klapper, Leora Singer, Dorothe Van Oudheusden, Peter The Global Findex Database 2014 : Measuring Financial Inclusion around the World
relation	Policy Research Working Paper;No. 7255
description	The Global Financial Inclusion (Global Findex) database, launched by the World Bank in 2011, provides comparable indicators showing how people around the world save, borrow, make payments, and manage risk. The 2014 edition of the database reveals that 62 percent of adults worldwide have an account at a bank or another type of financial institution or with a mobile money provider. Between 2011 and 2014, 700 million adults became account holders while the number of those without an account—the unbanked—dropped by 20 percent to 2 billion. What drove this increase in account ownership? A growth in account penetration of 13 percentage points in developing economies and innovations in technology—particularly mobile money, which is helping to rapidly expand access to financial services in Sub-Saharan Africa. Along with these gains, the data also show that big opportunities remain to increase financial inclusion, especially among women and poor people. Governments and the private sector can play a pivotal role by shifting the payment of wages and government transfers from cash into accounts. There are also large opportunities to spur greater use of accounts, allowing those who already have one to benefit more fully from financial inclusion. In developing economies 1.3 billion adults with an account pay utility bills in cash, and more than half a billion pay school fees in cash. Digitizing payments like these would enable account holders to make the payments in a way that is easier, more affordable, and more secure.
format	Working Paper
author	Demirguc-Kunt, Asli Klapper, Leora Singer, Dorothe Van Oudheusden, Peter
author_facet	Demirguc-Kunt, Asli Klapper, Leora Singer, Dorothe Van Oudheusden, Peter
author_sort	Demirguc-Kunt, Asli
title	The Global Findex Database 2014 : Measuring Financial Inclusion around the World
title_short	The Global Findex Database 2014 : Measuring Financial Inclusion around the World
title_full	The Global Findex Database 2014 : Measuring Financial Inclusion around the World
title_fullStr	The Global Findex Database 2014 : Measuring Financial Inclusion around the World
title_full_unstemmed	The Global Findex Database 2014 : Measuring Financial Inclusion around the World
title_sort	global findex database 2014 : measuring financial inclusion around the world
publisher	World Bank, Washington, DC
publishDate	2015
url	http://documents.worldbank.org/curated/en/2015/04/24368699/global-findex-database-2014-measuring-financial-inclusion-around-world http://hdl.handle.net/10986/21865
_version_	1764449477845843968
spelling	okr-10986-218652021-06-14T10:15:31Z The Global Findex Database 2014 : Measuring Financial Inclusion around the World Demirguc-Kunt, Asli Klapper, Leora Singer, Dorothe Van Oudheusden, Peter EMPOWERMENT FINANCIAL SERVICES ECONOMIC GROWTH ENTERPRISE DEVELOPMENT DEPOSITS RISK OF FRAUD MONEY LAUNDERING MERCHANTS FINANCING ACCOUNT OWNERSHIP FINANCIAL ASSISTANCE LOANS FROM FAMILY SAVINGS ACCOUNTS REMITTANCE AVAILABILITY OF CREDIT BANKING SERVICES ENTREPRENEURS DISCRIMINATION LOAN SHARK COOP MONEY TRANSFER LOAN FEE BORROWERS SAVINGS PRODUCT CREDIT CARD HOUSEHOLD ACCESS PAYMENTS BANKRUPTCY PAYMENTS INFRASTRUCTURE PRIVATE LENDER RURAL BANKS EXPATRIATES ECONOMIC ACTIVITY AFFORDABLE PRICES GENDER GAP ACCESS TO ACCOUNTS DISCRIMINATION AGAINST WOMEN HOUSING FINANCE FINANCIAL INSTITUTION COMMERCIAL BANK FINANCIAL SERVICE PROVIDER PHONE PENETRATION FINANCIAL INSTITUTIONS PAYMENT DEBT SOURCE OF FUNDS MICRO- ENTERPRISE FARMERS ELECTRONIC PAYMENTS POOR CREDIT TERM CREDIT BANKS FORMAL FINANCIAL INSTITUTION SAVINGS RATES AFFORDABILITY CAPITAL INSTALLMENT LACK OF ACCESS OVERDRAFT BANK FAILURES ACCESS TO FINANCE FINANCIAL EXCLUSION CASH PAYMENTS GENDER PRIVATE LENDERS BANK SMALLHOLDER HOUSEHOLD FINANCIAL ACCOUNT FINANCIAL SERVICE PROVIDERS SMALLHOLDER FARMERS CASH MANAGEMENT SAVINGS PRODUCTS INFORMAL LENDER PAYMENT OF WAGES SECURITIES MICROFINANCE ECONOMIC DEVELOPMENT EMPLOYER HOUSEHOLDS ACCESS TO SERVICES FINANCIAL SUPPORT GREATER ACCESS POINT-OF-SALE TERMINALS FEES REMITTANCES ACCOUNT HOLDER POINT-OF-SALE HOUSEHOLD DEBT COOPERATIVE DEVELOPMENT BANK ACCOUNT HOLDERS INCOME GROUPS EMPLOYEES MICROFINANCE INSTITUTION BUSINESS OWNERS DEPOSIT ELECTRONIC TRANSFERS CREDIT CARDS ATM CARDS PEOPLE OUTSTANDING LOAN FORMAL SAVING PROPERTY RIGHTS INCOME GROUP BANK ACCOUNT EXCLUSION MORTGAGE DIRECT DEPOSIT SUBSIDY SAVING CULTURAL NORMS INTERNATIONAL BANK CASH WITHDRAWALS LENDER PAWN SHOPS ACCESS TO FINANCIAL SERVICES ANTI-MONEY LAUNDERING BENEFIT PAYMENTS MORTGAGES SAVINGS SOURCE OF CREDIT ECONOMIC CRISES UNION HOUSEHOLD INCOME INFORMAL SAVING FINANCIAL PRODUCTS LENDERS SOCIAL SECURITY LOANS FINANCIAL SYSTEM INFORMAL LOANS REGULAR PAYMENTS DEBIT CARDS REAL ESTATE FINANCE PAWN FIRST ACCOUNT GOVERNMENT SECURITIES UNEMPLOYMENT EQUITY CREDIT DECISIONS PAYDAY LENDER ECONOMIC DIFFICULTIES BANKING CRISIS FAMILY CREDIT ACCESS SAVINGS RATE CREDIT FORMAL FINANCIAL SERVICES SAVINGS MECHANISM DOCUMENTATION REQUIREMENTS EMPLOYMENT STATUS ELECTRONIC DEPOSITS EXCLUSIONS ENTERPRISE INFORMAL SAVINGS PROPERTY FINANCIAL ACCESS VOUCHERS TRANSACTION COSTS FINANCIAL SERVICE CREDIT UNION BANK ACCOUNTS FORMAL SAVINGS ACCESS TO CREDIT AGRICULTURAL PRODUCTS PAWN SHOP CREDIT ASSOCIATION SOCIAL BANKING FINANCIAL DEVELOPMENT SECURITY BANK BRANCH INVESTMENT COLLATERAL FINANCIAL MARKETS MICRO- ENTERPRISE DEVELOPMENT REGULAR PAYMENT BORROWING INVESTMENTS INFORMAL LENDERS DEBIT CARD ACCOUNT OWNERS CASH DEPOSITS WOMEN PUBLIC BANKS BANKING CRISES BANK BRANCHES FORMAL CREDIT MORTGAGE MARKET GUARANTEE MEDICAL EXPENSES INEQUALITY The Global Financial Inclusion (Global Findex) database, launched by the World Bank in 2011, provides comparable indicators showing how people around the world save, borrow, make payments, and manage risk. The 2014 edition of the database reveals that 62 percent of adults worldwide have an account at a bank or another type of financial institution or with a mobile money provider. Between 2011 and 2014, 700 million adults became account holders while the number of those without an account—the unbanked—dropped by 20 percent to 2 billion. What drove this increase in account ownership? A growth in account penetration of 13 percentage points in developing economies and innovations in technology—particularly mobile money, which is helping to rapidly expand access to financial services in Sub-Saharan Africa. Along with these gains, the data also show that big opportunities remain to increase financial inclusion, especially among women and poor people. Governments and the private sector can play a pivotal role by shifting the payment of wages and government transfers from cash into accounts. There are also large opportunities to spur greater use of accounts, allowing those who already have one to benefit more fully from financial inclusion. In developing economies 1.3 billion adults with an account pay utility bills in cash, and more than half a billion pay school fees in cash. Digitizing payments like these would enable account holders to make the payments in a way that is easier, more affordable, and more secure. 2015-05-07T21:46:13Z 2015-05-07T21:46:13Z 2015-04 Working Paper http://documents.worldbank.org/curated/en/2015/04/24368699/global-findex-database-2014-measuring-financial-inclusion-around-world http://hdl.handle.net/10986/21865 English en_US Policy Research Working Paper;No. 7255 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank World Bank, Washington, DC Publications & Research Publications & Research :: Policy Research Working Paper

The Global Findex Database 2014 : Measuring Financial Inclusion around the World

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