The Global Findex Database 2014

Singer, Dorothe; Demirguc-Kunt, Asli; Van Oudheusden, Peter; Klapper, Leora

The Global Findex Database 2014

Autores

Singer, Dorothe

Demirguc-Kunt, Asli

Van Oudheusden, Peter

Klapper, Leora

Editor

World Bank, Washington, DC

Descripción

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.

Palabras clave

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