How Can Fintech Help The Unbanked? [INFOGRAPHIC]

In this infographic, we take you through many stats and facts about the unbanked population in many countries around the world, and how FinTech can help them gain access to financial services.

First, we’ll explain what unbanked means, and give you some worldwide data by the World Bank Group from 2017 about the world’s unbanked population. For example, did you know that 56% of the world’s unbanked are reportedly women? Or that 62% of unbanked adults have a primary education or less?

Next, we cover the top 4 countries with unbanked populations, and give specific stats for each one. These countries include China, India, Pakistan, and Indonesia, which are home for almost half of the world’s unbanked population – which also includes Nigeria, Mexico, and Bangladesh.  

After that, you’ll learn about the most common cited reasons for being unbanked, and the amount of people surveyed who have cited each reason as their own. For example, did you know that ⅔ of unbanked adults surveyed said that they don’t have enough money for banking? Or that in some countries like Turkey and China, many women say they don’t need a bank account because a family member already as one?

From there, you’ll learn about Fintech solution companies in different countries and the services they are offering to the unbanked. China, India, Pakistan, and Indonesia all have at least 1 or more fintech companies serving the unbanked population. The infographic continues on to show stats on the unbanked in the UK and the USA, and how Fintech is also helping them as well.   

Enjoy the infographic below,
The Cyberius Team.

Fintech Help The Unbanked

Created by Cyberius, a digital marketing company who specializes in content creation, online community management, and crowdfunding.

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