global findex report 2019 pdf

Additional references are provided for those readers interested in further reading on specific topics. 2019 Annual report. The Global Findex database reveals that between 2011 and 2014, 700 million adults worldwide became account holders. The World Bank on April 19, 2018 released the Global Findex Report 2017 indicating that 55 percent of new bank accounts opened globally are from India itself. The 2019 Global Microscope considers some of these legal inequalities, as well as the de facto barriers related to enablers such as access to national IDs, the Internet and mobile phones. World Development Indicators (WDI) is the primary World Bank collection of development indicators, compiled from officially recognized international sources. Figure 2. In emerging economies, micro and small businesses account for roughly half of national GDP, with corresponding impact on livelihoods, lives and communities. Attribution—Please cite the work as follows: World Bank. 2019. How important is trust in driving financial inclusion? Global Discussions Highlight 25. It probes knowledge of four basic financial concepts: risk diversification, inflation, numeracy, and interest compounding. The World Bank’s Findex 2017 report also found that new technologies are making financial services and products available at unprecedented levels – particularly in emerging markets. World Bank releases Global Findex Report 2017. The World Bank on April 19, 2018 released the Global Findex Report 2017 indicating that 55 percent of new bank accounts opened globally are from India itself. The report states that though financial inclusion is on the rise globally, gaps still remain there across the countries. Global Findex Database 2018 7. the backbone of the global economy, making up more than 90% of all businesses and half of global employment. TABLE OF CONTENTS. The Global Findex Database (also known as the Financial Inclusion Database) provides information on how individuals in 140 countries save, borrow, make payments, and manage risks. Argentina, 2011. Collection: Global Financial Inclusion (Global Findex) Database. Global ID Coverage, Barriers, and Use by the Numbers: An In-Depth Look at the 2017 ID4D-Findex Survey, Washington, DC: World Bank License: Creative Commons Attribution 3.0 IGO (CC BY 3.0 IGO) Global Microscope 2018 The enabling environment for financial inclusion and the expansion of digital financial services 3 The Economist Intelligence Unit Limited 2018 Acknowledgements The following researchers, country analysts and specialists contributed to this report. Global Findex Report. Global Discussions Highlight 25. These became essential tools for policy makers to make evidence-based decisions. Global Findex database, with detailed insight into how adults in more than 140 economies access accounts, make payments, save, borrow, and manage risk . MAP O.2 Mobile money accounts have spread more widely in Sub-Saharan Africa since 2014 Adults with a mobile money account (%) 2014 2017 0–9 10–19 20–29 30–39 40–100 No data Source: Global Findex database. India Rank In All Index 2020 PDF | List of Global Indexes 2020. More recent country-by-country data from the 2017 Global Findex Database report show that as much as 40 - 50 % of small firms, in particular in Sub-Saharan African economies, still report lack of access to be a major constraint. 22nd Annual Global CEO Survey. The Global Findex database provides more than 200 indicators on topics such as account ownership, payments, saving, credit, and financial resilience. The ID4D Theory of Change 5. The COVID-19 crisis is creating great uncertainty about what the future holds for the economy and well-being of all. Findex Group Limited (Findex Australia Pty Ltd) invests in other group companies and provides financial and other related advisory services. IBISWorld provides company profiles on the top 2,000 organisations that drive Australia’s economy. The Global Findex database is the world's most comprehensive set of data on how people make payments, save money, borrow and manage risk. Global online shoppers, 2015–2017 (Million) Source: UNCTAD, Digital Economy Report 2019, p. 16. SUMMARY. How Global Findex data is collected 14 • Indicators are drawn from survey data covering almost 150,000 people in over 140 economies –representing more than 97 percent of the world’s population –in each survey round. FIGI Symposium 2019 The second edition of the Financial Inclusion Global Initiative (FIGI) Sympo-sium took place between January 21st–24th in Cairo, Egypt. A new database was release based on 2014 data and last week the 2017 edition was released. its next phase of work, from 2019-2023. The database measures the percentage of the population that have a financial account in a bank, microfinance account, or other financial account in 148 different ... legislation and efforts in 2009 and 2010. It also explores the extent to which health systems are fit for purpose as the world's population rapidly ages, and what changes can be made to ensure the right to health for all people regardless of age. It also asked what their main source of funding would be. Before a Shock After a Shock Responding to shocks As of February 28, 2018, the total number of accounts under the scheme stood at 312 million and deposits in these accounts amounted to $12 … In 2011 the World Bank released the first ever Global Findex Database as “the world’s most comprehensive data set on how adults save, borrow, make payments, and manage risk”. Saudi Arabia, Key findings The overall enabling environment for When teams from finance and business focus on performance, they can reach any goal: increase future profits, break into new markets, protect against new entrants or increase the sustainability of earnings. report having an ID (known locally as a Tazkira). The uptake of debit and credit cards as well as innovative online and mobile payment methods has grown over time. Among the surveyed countries with the greatest Brief methodological notes are included for unpublished analyses. Communications. Communications. Bank’s successful launch of the Global Findex in 2011. Putting People at the Heart of ID Systems to Improve Inclusion 17 . The survey is based on interviews with more than 150,000 adults in over 140 countries Analytical Report 2018. Una vez publicado el libro completo, se podrá consultar la versión en PDF en https://openknowledge The Global Identification Challenge: ID4D—Findex Survey 9. PILLAR 1 | Thought Leadership & Analytics 13 As the data show, each economy has its own successes, challenges, and opportunities when it comes to … As the data show, each economy has its own successes, challenges, and opportunities when it comes to … 2019) ed s n days) Global Monthly February 2020. Downloadable! 2 September 2019February 2020 47 Monthly Highlights FIGURE 1. SUMMARY. The new edition of B2B Payments and Fintech Guide 2019 offers insights and analyses from thought leaders on key industry topics such as cross-border payments, instant payments, B2B commerce, payments infrastructure, all the while not forgetting the important role that e-invoicing plays in the industry. Use of Internet for online purchases, country groups by level of income, 2017 (Per cent of population aged 15 years or older) Source: UNCTAD, Digital Economy Report 2019, p. 16. Global Unicorn List 2019: Hurun Research Institute: 3rd: China: World Talent Ranking 2019: IMD: 59th: Switzerland: Global Prosperity Index 2019: Basque institutions: Bengaluru - 83rd, Delhi-101st and Mumbai - 107th: Zu rich (Switzerland) School Education Quality Index (SEQI) NITI Aayog--Kerala: Global Health Security Index 2019 Source: Global Findex database. 7 World Economic Forum (2019). The main regulation governing mobile money is the Electronic Money Institution’s Regulation, which endorses a risk-based approach to KYC/CDD, but only for customer-to-customer transactions. WELCOME MESSAGE 1 ID4D Initiative Overview 3. School Education Quality Index (SEQI) NITI Aayog — Kerala: 14. The Global Financial Inclusion Database provides 850+ country-level indicators of financial inclusion summarized for all adults and disaggregated by key demographic characteristics-gender, age, education, income, employment status and rural residence. Women’s income, in particular, plays a critical role in meeting the basic needs of the family. Turkish Statistical Institute (TUIK) 10. Introduction The global Findex database shows that notwithstanding the impressive progress in account ownership – either at a financial inclusion or through a mobile money provider – about 1.7 billion adults globally remain unbanked, close to 30% of the global adult population (Demirgüç-Kunt et al., 2018). FIGURE 2.6 Three in 10 unbanked adults are between the ages of 15 and 24 Adults without an account by age group (%), 2017 70 30 Ages 15–24 Age 25+ Source: Global Findex database. Qatar follows closely behind, with forecast average annual economic growth of 2.9% between 2019-2021. 2019 Results 12. Empowering Women Entrepreneurs in Kosovo FINCA’s data show that three out of four FINCA borrowers around the world are the main source of income for their families. The independent variables used are: age, income, education and gender. Public. 515 Million Adults Have Opened Accounts Since 2014. 2019. B2B Payment Market Analysis, Size, Share, Growth, Trends, And Forecast 2019 – 2025 has complete details about market of B2B Payment Market industry, B2B Payment Market analysis and current trends. Development Research Group, Finance and Private Sector Development Unit. The Global Findex data is based on the responses of 150,000 people surveyed in 140 countries, administered by Gallup, Inc. 2019 report, women have three-quarters of the rights that are recognised for men in the average economy. as part of the World Bank's Global Findex survey, was used as the payment indicator for the index in previous editions. Global AgeWatch Insights provides an overview of the progress being made in realising the right to health of older people around the world today. In a recent IFC report, nearly 65 percent of the job vacancies that employers were trying to fill in Ghana required at least basic digital skills, but 20 percent of the companies reported being forced to recruit internationally for positions 8 . La version intégrale du rapport définitif, une fois publiée, sera affichée en format PDF sur le site https:// Digitizing social assistance for the poor has been proven to increase financial inclusion. Turkey 2018 Digital Yearbook 9. Issues … THE 2019 TOUCH ‘n GO eWallet Malaysian fintech report is made possible thanks to the support of our genereous sponsors below OU! According to the World Bank’s Global Findex database, Afghanistan’s mobile money penetration (in terms of account ownership for 15+ years old) is 0.91%. Source: Global Findex database. A new payment indicator is introduced for the 2017 index. Description of Indicator and Sources The Mastercard Index of Women Entrepreneurs (MIWE) 2019 is the 3rd report profiling the progress and achievement of women entrepreneurs/business owners across 58 societies around the world. In Chad, Niger, Benin, and South Sudan, there is more than a 20-percentage point difference in ID ownership between men and women (Figure 2). TABLE OF CONTENTS. Compiled using nationally representative surveys of more than 150,000 adults age 15 and above in over 140 economies, the 2017 Global Findex database includes updated indicators on access to and use of formal and informal financial services. The data have been collected from the Global Findex Database (Findex) 2017. Figure 3. World Bank Group (2018) The Global Findex Database 2017: Measuring Financial Inclusion and the Fintech Revolution 11. Source: 2014 and 2011: Financial Inclusion Data/ Global Findex, 2017: The CBE’s Deputy Governor Statement of Branches 2011 2014 2017 Total Number Number of to the Mobile Financial Service Subscribers 10% 14% 33%. The Little Data Book on Financial Inclusion 2018 is a pocket edition of the Global Findex database published in 2018. Findex Report of the World Bank, the proportion of Indians above 15 years of age with bank accounts had reached 80 percent in 2017. June 10th, 2020. 2 As per government data, 37.3 crore bank accounts have been opened under the PMJDY initiative till October 2019.3 Though in absolute numbers, India still has a population which is considerably underbanked and unbanked, and GoI would focus on them as a part of its pro-financial inclusion polices. Various measures of financial inclusion, namely, ownership formal accounts, use of accounts for saving and borrowing, ownership and use of the debit card are used. Este cuadernillo contiene tanto la reseña como la lista de contenidos de La base de datos Global Findex 2017: Medición de la inclusión financiera y la revolución de la tecnología financiera, doi: 10.1596/978-1-4648-1259-0. The indicators in the 2017 Global Findex database are drawn from survey data covering almost 150,000 people in 144 economies-representing more than 97 percent of the world’s population (see table A.1 of the Global Findex Database 2017 Report for a list of the economies included). Bank’s successful launch of the Global Findex in 2011. The Global Risks Report 2019 14th Edition. Global ID Coverage, Barriers, and Use by the Numbers: An In-Depth Look at the 2017 ID4D-Findex Survey, Washington, DC: World Bank License: Creative Commons Attribution 3.0 IGO (CC BY 3.0 IGO) 2019) ed s n days) Global Monthly February 2020. It presents the most current and accurate global See more +. Global Findex database, with detailed insight into how adults in more than 140 economies access accounts, make payments, save, borrow, and manage risk . looking statements due to a variety of factors, including those contained in our Annual Report on Form 10-K for the fiscal year ended September 30, 2019, and our other filings with the U.S. Securities and Exchange Commission. The number of adults without an account—the unbanked—dropped by 20 percent to 2 billion. Putting People at the Heart of ID Systems to Improve Inclusion 17 . Source: Global Findex database. Nearly all of them live in developing countries, and a disproportionate number (56%) are women. Report published in July 2019, only 68% of adults in the SADC region are financially included while 34,2% of adults in sub-Saharan Africa have a bank account (2017 World Bank’s Global Findex Financial Inclusion Data). Download the Little Data Book on Financial Inclusion ». The FIGI Sym-posium 2019 was organized by the International Telecommunication Union (ITU), jointly with the World Bank Group (WBG) and the Committee on Pay - Showing 1-15 of 436 studies. The Global Identification Challenge: ID4D—Findex Survey 9. Globally, 62 percent of adults have an account, up from 51 percent in 2011. With over 500 policy changes achieved by members in their respective countries, the AFI network is now mature and ready to be strategically positioned as a global policy The 2019 Transformation in Banking Report, commissioned by the Banking 3 | P a g e M a s t e r c a r d I n d e x o f W o m e n E n t r e p r e n e u r s 2 0 1 9 1. Development processes and the development industry the role of NGOs, SHGs, various groups and associations, donors, charities, institutional and other stakeholders. Percentage of adults who report having an account (by themselves or together with someone else) with a formal financial institution or a mobile money provider WB Global Findex Triennial Active account (% age 15+) Percentage of adults who report making at least one deposit or withdrawal from their account in the past 12 months WB Global Findex from 2005-2011. Comparative global data finds that the use of a deposit account at a bank or other formally regulated financial institution varies widely across regions, economies, and individual characteristics. PILLAR 1 | Thought Leadership & Analytics 13 World Bank Group (2014) Global Financial Development Report 2014: Financial Inclusion 10. FIGURE 3.4 Government transfers are important in some developing economies—and paid mostly into accounts Adults receiving government transfers in the past year (%), 2017 0 20 40 60 80 Thailand South Africa Russian Federation Philippines Mongolia Malaysia Iran, Islamic Rep. Created on: Dec 12, 2012 Last modified: Apr 15, 2015 Views: 34321 Citations: 3. principal pdf is universally compatible later than any devices to read. Insights Daily Current Affairs + PIB: 01 January 2019 Paper 2: Topics covered: Government policies and interventions for development in various sectors and issues arising out of their design and implementation. Findex Group Limited (previously known as Findex Australia Pty Ltd) is an Australian-owned, public unlisted company, that generates its revenue from providing financial and related advisory services, as well as holding investments in other group companies. Practitioner’s Guide 19. Together, their data analysis uncovers insights that drive the enterprise forward. The full database (in Excel format) and the summary and detailed report are all available for download here. World Payments Report 2020. June 10th, 2020. Individual Household Survey Report on ICT Usage and Access, Global Findex Report, World Bank , Bank Negara Malaysia MALAYSIA at a glance. Of the 1.6 billion, 30% are young people, nearly 56% are women, 50% live in urban areas and 53% have jobs or are self-employed (World Bank, Global Findex, 2017). 8. Credit is not always the … been unchanged for the past three rounds of the Global Findex report—2011, 2014, and 2017— despite the progress in overall financial inclusion in developing countries. An important step on the global level was to convene financial standard-standard setting bodies at the Bank of International Settlements in Basel to include financial inclusion in their work. 2019 Results 12. WELCOME MESSAGE 1 ID4D Initiative Overview 3. Drive insights with connected, self-service financial data. 2 Living on less than $1.90 a day. The COVID-19 crisis is creating great uncertainty about what the future holds for the economy and well-being of all. INTRODUCTION 1.1. Table of Select Indicators (2014) Note: w1 denotes 2011 Global Findex data (wave 1) and w2 denotes 2014 Global Findex data (wave 2). “In the GRPS (Global Risks Perception Survey), “massive data fraud and theft” was ranked the number four global risk by likelihood over a 10-year horizon, with “cyberattacks” at number five.” 8 PwC (2019). 2019 Annual report. External Debt and Financial Flows statistics, Heath statistics, Gender, Economy, Social Data. Global Unicorn List 2019: Hurun Research Institute: 3rd: China: 11. Survey on the access to finance of enterprises (SAFE). The reasons for the gender gap in ID coverage are complex and the ID4D-Findex data can only provide some clues. THE DATA SOURCES for facts and figures featured in the 2019 Goalkeeper Report are listed here by section. Country-level data STATA EXCEL DATABANK. Global Prosperity Index 2019: Basque institutions: Bengaluru – 83rd, Delhi-101st and Mumbai – 107th: Zu rich (Switzerland) 13. The World Bank’s Global Findex Database was used to measure inclusion. We have witnessed together the impressive growth of AFI from being a grant-making facility to rapidly become a policy-driving network. Bank of 3 In June 2017, the CBE amended the mortgage finance initiative, which was issued in February 2014, to be as below: World Talent Ranking 2019: IMD: 59th: Switzerland: 12. Gojo Impact Report 2019 | 11 According to the 2017 Global Findex, around 1.7 billion people today do not have access to inancial services. 6. Global Cash Index™ a collaboration SEPTEMBER 2018 Middle East & South Africa Edition Number of ATMs per 100,000 people in the Middle East and 56.8 South Africa Projected weighted average cash Online payment methods by value, 2014 and forecast for 2019 Note: Other includes e-invoices, postpaid, prepay, mobile carrier billing, crypto currencies (e.g. IDSystems-Web.pdf 9. aged 15 years and older, collected as part of the World Bank's Global Findex survey. The indicators in the 2017 Global Findex database are drawn from survey data covering almost 150,000 people in 144 economies-representing more than 97 percent of the world’s population (see Table A.1 of the Global Findex Database 2017 Report for a list of the economies included). European Commission, November 2018 8. 2017 State of the Industry Report on Mobile Money 12. The report, commissioned by USAID through the Mobile Solutions Technical Assistance and Research (mSTAR) project, takes into account field research with users and providers of digital financial services, as well as interviews with senior experts in government, the development Note: Data are displayed only for economies in Sub-Saharan Africa. Attribution—Please cite the work as follows: World Bank. 2 September 2019February 2020 47 Monthly Highlights FIGURE 1. Rupali Pruthi. B2B payment Report by Material, Application, and Geography – Global Forecast to 2022 is a professional and in-depth research report on the world's major regional market … The data represent a third round of data collection since the Global Findex database was launched in 2011. The ID4D Theory of Change 5. Global Findex data is reported for all indicators by country, region, and income group. Available indicators are reported for 2017, 2014, and 2011. The Little Data Book on Financial Inclusion 2018 is a pocket edition of the Global Findex database published in 2018. Bitcoin) and other emerging technologies. The Indonesian Government initiated reform for non-cash social assistance disbursement in 2016. These became essential tools for policy makers to make evidence-based decisions. After a record-setting 2018, the first half of 2019 got off to a quiet start for fintech investment globally – mirroring a trend seen in the broader venture capital market. 1 Yet, around the world, millions of small businesses In 2015, such cards accounted for 42 per cent all e‐ This booklet contains the overview, as well as a list of contents, from The Global Findex Database 2017: Mea - suring Financial Inclusion and the Fintech Revolution, doi: 10.1596/978-1-4648-1259-0.A PDF … In 2014, 62 percent of adults globally reported having a … Financial inclusion and why it matters IBID. The World Payments Report 2020 from Capgemini is the leading source for data, trends and insights on global and regional non-cash payments, the key regulatory and industry initiatives (KRIIs), and today’s dynamic payments environment. Available indicators are reported for 2017, 2014, and 2011. These are the people that surround us; they have families, they are mothers, fathers, students, … Global fintech investment rose an astounding 120 percent from $50.8 billion in 2017, to $111.8 billion in 2018.