New Findex notes showcase digital financial inclusion in Sub-Saharan Africa

We’re thrilled to release five new data notes in collaboration with the International 2019-Findex01Finance Corporation and Mastercard Foundation Partnership for Financial Inclusion outlining Sub-Saharan Africa’s successes and challenges in building digital financial inclusion. The notes—all of which are available for download at our homepage—draw on tens of thousands of surveys to explore how adults in the region use accounts, digital payments, and savings to manage their financial lives.

Sub-Saharan Africa leads one of the most exciting development innovations of our time—the rise of mobile money. Our first note explains how this technology can expand the use of financial services and describes how it has spread over time.

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The Global Findex Database

The Global Findex database is the world’s most comprehensive data set on how adults 780x439_GlobalFindex_Coversave, borrow, make payments, and manage risk. Launched with funding from the Bill & Melinda Gates Foundation, the database has been published every three years since 2011. The data are collected in partnership with Gallup, Inc., through nationally representative surveys of more than 150,000 adults in over 140 economies. The 2017 edition includes updated indicators on access to and use of formal and informal financial services. And it adds new data on the use of financial technology (fintech), including the use of mobile phones and the internet to conduct financial transactions.

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Gains in Financial Inclusion, Gains for a Sustainable World

financial-inclusion-genderMary Banda in Zambia runs a small restaurant in one of Lusaka’s oldest markets. Before she learned that financial services could make the way she did business easier, her profits were low. But today, her profits have increased, both because she banks her money and because she uses mobile money transfer services.

Using financial services has simplified managing her business and increased profits. And business proceeds now pay her children’s school fees.

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