This indicator reflects the proportion of individuals aged 15 and older who possess an account at a traditional bank, credit union, or other formal financial institution, or who
actively utilize mobile money services within the past year. It captures both sole and joint ownership of accounts, providing insights into financial inclusion across diverse demographics. A higher percentage suggests
greater access to financial resources, which can enhance economic stability and empower individuals to participate more fully in the economy. Additionally, examining this metric offers valuable context for understanding how digital finance innovations are reshaping financial behaviors, particularly in regions where traditional banking infrastructure may be limited.
Source: