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Cited by 2,664Microfinance and Financial InclusionFinTech, Crowdfunding, Digital FinanceEconomic Growth and Development

The Global Findex Database 2017: Measuring Financial Inclusion and the Fintech Revolution

Open access
Demirguc-Kunt, Asli, Klapper, Leora, Singer, Dorothe, Ansar, Saniya, Hess, Jake·2018·World Bank, Washington, DC eBooks
DOI 10.1596/978-1-4648-1259-0
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Abstract

The Global Findex database is the world's most comprehensive set of data on how people make payments, save money, borrow and manage risk. Launched in 2011, it includes more than 100 financial inclusion indicators in a format allowing users to compare access to financial services among adults worldwide -- including by gender, age and household income. This third edition of the database was compiled in 2017 using nationally representative surveys in more than 140 developing and high-income countries. The database includes updated indicators on access to and use of formal and informal financial services. It features additional data on Fintech and digital financial services, including the use of mobile phones and internet technology to conduct financial transactions. Global Findex data is utilized to track progress toward the World Bank's goal of Universal Financial Access by 2020 and the United Nation's Sustainable Development Goals. The data also is a source for the G20 Financial Inclusion Indicators and a benchmark for policymakers seeking to expand access to and use of financial services. Lastly, this report discusses opportunities to expand access to financial services among the unbanked, and ways to promote greater use of digital financial services among the underbanked.

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  • In Sub-Saharan Africa, only 43% of adults have a bank account.

    “It is also a region with low levels of financial inclusion, where only 43% of adults have a bank account.”

    From Financial Inclusion and Economic Growth in Sub-Saharan Africa—A Panel ARDL and Granger Non-Causality Approach (2023) · cites this paper as Demirgüç-Kunt et al. 2018

  • A large number of developing economies have prepared a financial inclusion strategy that helps to expand the sources of funding, limits informal financial services, and promotes investment and thereby economic growth.

    “As a result, a large number of developing economies have prepared a financial inclusion strategy that helps to expand the sources of funding, limits informal financial services, and promotes investment and thereby economic growth (Zins and Weill 2016; Demirgüç-Kunt et al. 2018).”

    From Financial Inclusion and Economic Growth in Sub-Saharan Africa—A Panel ARDL and Granger Non-Causality Approach (2023) · cites this paper as Demirgüç-Kunt et al. 2018

  • A large number of adults in Sub-Saharan Africa do not have access to financial services, implying a high level of financial exclusion.

    “This indicates that a large number of adults in the SSA region do not have access to financial services, implying a high level of financial exclusion (Makoni 2014; Demirgüç-Kunt et al. 2018).”

    From Financial Inclusion and Economic Growth in Sub-Saharan Africa—A Panel ARDL and Granger Non-Causality Approach (2023) · cites this paper as Demirgüç-Kunt et al. 2018

  • The discrepancy in bank account ownership between Africa and OECD high-income economies is a result of distance, cost of opening and maintaining bank accounts and documentation requirements, which are high in emerging economies compared with developed economies.

    “The discrepancy is a result of distance, cost of opening and maintaining bank accounts and documentation requirements, which are high in emerging economies compared with developed economies (Demirgüç-Kunt et al. 2018).”

    From Financial inclusion, bank competition and economic growth in Africa (2021) · cites this paper as Demirgüç-Kunt et al. 2018

Cited by

Sorted by citations

Authors
Demirguc-Kunt, A., Klapper, L., Singer, D., Ansar, S., & Hess, J.
ORCID
Klapper, Leora
Venue
World Bank, Washington, DC eBooks
Publisher
Washington, DC: World Bank
Published
2018-03-26
DOI
10.1596/978-1-4648-1259-0
OpenAlex
W2799331516
Cited by
2,664
References
0
Citations by year
2026: 301 · 2025: 421 · 2024: 329 · 2023: 312 · 2022: 341 · 2021: 472 · 2020: 275 · 2019: 160 · 2018: 39 · 2017: 2 · 2016: 10
FWCI
316.12
Type
book
Language
en
Open access
Licence
cc-by
Locations
  • World Bank, Washington, DC eBooks (publishedVersion)
  • The World Bank Open Knowledge Repository (World Bank) (submittedVersion, cc-by)
Topics
  • Social Sciences › Economics, Econometrics and Finance › Economics and Econometrics › Microfinance and Financial Inclusion
  • Social Sciences › Business, Management and Accounting › Management Information Systems › FinTech, Crowdfunding, Digital Finance
  • Physical Sciences › Computer Science › Information Systems › Economic Growth and Development
Keywords
financial inclusion, Global Findex, fintech, digital financial services, mobile money, unbanked populations, underbanked populations, access to finance, savings, borrowing, risk management, informal financial services, Sustainable Development Goals, developing countries

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