By Anju Patwardhan, Kai Schmitz & Ken Singleton
Including list of 100 leading financial technology companies promoting financial inclusion
Billions of adults across the globe lack access to the financial services they need to achieve even modest levels of financial well-being. Many households and small businesses in emerging markets have no or very limited access to formal financial services. Even in developed countries, they only have access to a limited menu of cost-effective products from financial institutions for addressing their financial needs. Over two billion unbanked adults in the world, representing 38 percent of all adults globally, do not have access to basic financial services and another 57 percent have basic accounts but do not have access to diversified investments, low-cost payments systems, core household and business insurance, or credit.