Account ownership at a financial institution or with a mobile-money-service provider, poorest 40% (% of population ages 15+)

This indicator measures the proportion of individuals aged 15 and older from the poorest 40% of the population who possess an account at a financial institution, including banks and other financial services, or have utilized mobile money services in the previous year. By focusing on this demographic, the metric highlights financial inclusion among the economically disadvantaged, shedding light on their access to essential financial tools, savings, and credit options. Understanding account ownership in this context helps identify barriers faced by impoverished communities and informs policymakers and financial service providers about the effectiveness of strategies aimed at enhancing economic empowerment and connectivity through inclusive financial services. Source: