EXPLAINER

Busting the 10 Myths on Financial Inclusion

Myth No. 2

People who have bank accounts use financial products and services often.

Fact

About 62% of the global adult population own a bank account, yet only 27% save in banks, 18% use them to receive wages or to pay bills, and just 11% borrow from banks.*


* The Global Findex Database 2014 Measuring Financial Inclusion around the World.





Disclaimer

The views expressed in these articles are those of the authors and do not necessarily reflect the views of the Asian Development Bank, its management, its Board of Directors, or its members.




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