700 million adults worldwide became account holders between 20; 20 percent drop in the number of unbanked, according to 2014 Global Findex WASHINGTON, April 15, 2015 — From 20, 700 million people became account holders at banks, other financial institutions, or mobile money service providers, and the number of “unbanked” individuals dropped 20 percent to 2 billion adults, says a new report released today.“Access to financial services can serve as a bridge out of poverty.
The indicators in the Global Findex database are drawn from survey data covering more than 150,000 people in 143 economies.
The survey was carried out over the 2014 calendar year by Gallup, Inc.
We have set a hugely ambitious goal – universal financial access by 2020 – and now we have evidence that we’re making major progress,” said World Bank Group President Jim Yong Kim.
"This effort will require many partners – credit card companies, banks, microcredit institutions, the United Nations, foundations, and community leaders.
Technology also can spur account usage and transform the way domestic payments are made, a new topic probed in the 2014 Global Findex.