Poorest people open more bank accounts, World Bank study

April 15, 2015 8:01 PM

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WASHINGTON, April 15 (Thomson Reuters Foundation) - Nearly three quarters of a billion people opened bank accounts or used mobile money providers for the first time from 2011 to 2014, a major leap forward in access to financial services that development experts say is key to ending global poverty.

The Global Findex survey, produced by the World Bank, found that 62 percent of people worldwide now use financial institutions or mobile money services, up from 51 percent in 2011, a 700 million increase from three years ago.

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