Mobile Banking – Enabler to Facilitate Financial Inclusion
2.5 billion adults, just over half of world's adult population, do not use formal financial services to save or borrow. 2.2 billion of these unserved adults live in Africa, Asia, Latin America, and the Middle East. Of the 1.2 billion adults who use formal financial services in Africa, Asia, and the Middle East, at least two-thirds, a little more than 800 million, live on less than $5 per day. It's not an India specific problem, but a global one.In advanced economies, Financial Inclusion is more about the knowledge of fair and transparent financial products and a focus on financial literacy.In emerging economies, it is a question of both access to financial products and knowledge about their fairness and transparency.Financial Inclusion in India – Quick Facts:-In India, almost half the country is unbanked.-Only 55 per cent of the populations have deposit accounts and 9 per cent have credit accounts with banks.-India has the highest number of households (145 million) excluded from Banking.-There was only one bank branch per 14,000 people.-6 lakh villages in India, rural branches of SCBs including RRBs number 33,495.-Only a little less than 20% of the population has any kind of life insurance and 9.6% of the population has non‐life insurance coverage.-Just 18 per cent had debit cards and less than 2 per cent had credit cards
Year of publication: |
2015
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Authors: | Dave, Tejas |
Publisher: |
[2015]: [S.l.] : SSRN |
Subject: | Electronic Banking | Electronic banking | Finanzielle Inklusion | Financial inclusion | Finanzdienstleistung | Financial services | Bankgeschäft | Banking services | Mobilkommunikation | Mobile communications | Mikrofinanzierung | Microfinance | Elektronisches Geld | Electronic money |
Saved in:
freely available
Extent: | 1 Online-Ressource (8 p) |
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Type of publication: | Book / Working Paper |
Language: | English |
Notes: | Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments January 1, 2012 erstellt |
Other identifiers: | 10.2139/ssrn.2579001 [DOI] |
Source: | ECONIS - Online Catalogue of the ZBW |
Persistent link: https://www.econbiz.de/10013026263
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