MAP 6.6
Nearly 1 in 10 unbanked adults saves using semiformal methods Adults without an account saving semiformally in the past year, 2017
1 million 10 million 100 million
Source: Global Findex database. Note: Data are not displayed for economies where the share of adults without an account is 5 percent or less or where the share saving semiformally is 10 percent or less. Data on semiformal saving are not collected in most high-income economies. FIGURE 6.9
up to 65 million unbanked adults save semiformally, including 35 million women. Moving semiformal saving into accounts could reduce the number of unbanked adults by up to 23 percent in Nigeria and by up to 32 percent in Ethiopia (figure 6.9). Semiformal savings methods are also widely used in some economies outside SubSaharan Africa—including by almost a fifth of unbanked adults in Pakistan and nearly a quarter of those in Indonesia.
Millions of unbanked adults in SubSaharan Africa save using semiformal methods Adults without an account (%), 2017 Burkina Faso Cameroon Côte d’Ivoire Ethiopia Mali Nigeria Sierra Leone South Africa Tanzania Uganda Zambia 0
20
40
60
80
Saved semiformally in the past year
Source: Global Findex database.
O P P O R T U N I T I E S F O R E X PA N D I N G F I N A N C I A L I N C L U S I O N T H R O U G H D I G I TA L T E C H N O LO G Y
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