Roughly two fifths of the world's population is effectively outside the financial system, without access to bank accounts, much less credit.
Almost 40% of people globally are excluded from the financial system, lacking even basic banking services like accounts or credit. This significant segment of the population faces challenges in managing their finances and accessing economic opportunities. The absence of financial inclusion limits their ability to save, invest, and secure loans, further entrenching poverty and inequality.
Niall Ferguson, in his book "The Ascent of Money: A Financial History of the World," highlights...