Posts by Leora Klapper
For nearly a decade, Leora Klapper has led the World Bank’s Global Findex database – a survey of how people in more than 150 countries access and use financial services. While academic studies continue to show how financial inclusion underpins and enables social progress, to create a financially inclusive world we need to continually measure the scope and depth of the problem, Klapper argues. That means asking: Who still needs accounts? Who has accounts, but doesn’t use them? And what more can we do to help?
Just 41 percent of adults in developing economies have a bank account - a problem that G20 nations are increasingly focused on. To that end, this week the Gates Foundation, the Better than Cash Alliance and the World Bank released a report on the potential of digital payments to advance financial inclusion - and the challenges that must be addressed.