Financial inclusion is vital in achieving inclusive sustainable growth and development as well as reducing poverty. Globally, about 2 billion people do not have a bank account but, Africa has been experiencing great advancements in financial inclusiveness.
According to The World Bank, 34 percent of adults in sub-Saharan Africa had an account in 2014 compared to 24 percent in 2011. The African continent has been leading in the adoption of digital financial services as 12 percent of sub-Saharan Africans have a mobile money account, compared to 2 percent of the world population.
For more on this story visit the following link: Here Are 5 of Africa’s Most Financially Inclusive Countries
Source: Ventures Africa