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Research Outline
Prepared for Tasneem D. | Delivered April 16, 2020
Financial Inclusion - Stats and Trends
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Goals
To identify statistics and trends relating to the adoption and impact of financial inclusion across the globe. Specifically, we will be focusing on the following regions: North America, Europe, Asia Pacific, the Middle East, and Africa.
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Early Findings
Asia Pacific Region
According to a recent report by the International Monetary Fund, Asia has made
significant progress
in financial inclusion.
The report further stated that, on average, the region
lags behind
others in several
important aspects
such as online purchases, electronic payment, mobile money, and mobile government transfer.
According to a World Bank report, only
27 percent
of adults have a bank account, and only
33 percent
of firms have a loan or line of credit in the region.
Around the Globe
There are over
80
mobile money providers in Asia,
140
in Africa, and
20
in the Middle East.
According to data provided by the IMF, the use of auto teller machines (ATMs) is highest in Europe, with a median rate of
65
ATMs per 100,000 adults. In the Asia-Pacific region, there are
40
ATMs per 100,000 adults. In the Americas, there are about
5
0 ATMs per 100,000 adults.
Financial inclusion in Africa has increased significantly in recent years, advancing from
23 percent
in 2011 to
43 percent
in 2017.
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