The Rising Influence of Rising Affluence

[DewDiligence]

A colossal change in only six years...

...1.2 billion adults gained access to financial services between 2011 and last year, the World Bank said Thursday, as the internet and mobile phones increasingly connected far-flung communities to the global financial grid.

The share of the [worldwide] adult population with an account at a bank or mobile money provider grew to 69% in 2017 from 62% in 2014 and 51% in 2011…

https://blogs.wsj.com/economics/2018/04/19/how-more-than-a-billion-people-got-access-to-financial-services-in-less-than-a-decade