Bangladesh Bangladesh leads FII Asian countries’ mobile money usage, although most transactions are conducted through unregistered accounts.
India Over 6 in 10 Indian (65%) are financially included and have bank accounts (63%). Still nearly 4 in 5 citizens (78%) live below the $2.50/day poverty line.
Indonesia With the highest income per capita among the 8 FII countries, Indonesia promises great potential for financial inclusion—24% of adults are financially included.
Nigeria As Africa’s largest economy, Nigeria has potential to drive consumers toward financial inclusion, yet internal strife and economic instability make progress uncertain.
Pakistan With more than 180 million adults but only 1 in 10 (9%) financially included, Pakistan is one of the largest unbanked countries in the world.
Tanzania Six in 10 Tanzanians (62%) are currently financially included, mainly through mobile money accounts (61%).
Uganda Mobile money is leading the way to Ugandan financial inclusion, and 4 in 10 adults (39%) have financial services accounts.
Agriculture Agriculture is the bedrock of many of FII countries’ economy; yet agricultural workers tend to be poorer, less financially included, and older than other workers.
Banking Banking plays a key role in India, Indonesia and Nigeria’s move toward financial inclusion. In Bangladesh and East African countries, mobile money is testing bank relevance.
Financial Numeracy The foundation for financial literacy, basic financial numeracy, paves the road to financial inclusion.
Gender Women lag men in the use of financial tools across every measure, and closing the gender gap requires motivating women to adopt financial mechanisms.
Mobile Money Using a simple mobile phone to conduct financial transactions has help bring financial inclusion to millions of consumers in the developing world.
Mobile Phones Research shows the most effective way to significantly expand lower-income populations’ access to formal financial services is through a digital channel like a cell phone.
Non-Bank Financial Institutions Non-bank financial institutions (NBFIs) vary from country to country by provider type, service option, and marketplace presence.
Over-the-Counter Many consumers first interact with digital financial services by reaching out to mobile money agents to help send or receive money through an OTC transaction.
Youth Digitally more active yet financially less secure, youth (ages 15-24) are a particularly important segment to target for financial inclusion.
