Why bank account access does not translate into usage

Why bank account access does not translate into usage

18 April, 2016    

Underlying the global financial inclusion agenda is the assumption that providing access to and ownership of bank accounts will improve the lives of previously excluded adults and contribute to economic growth objectives. This assumption is reinforced by surveys such as Findex and FinScope, which monitor the progress of financial inclusion policies by tracking the number of ‘banked’ individuals. The headline indicators position bank account ownership as the priority area of inclusion, with other forms of financial inclusion secondary.

Lost in the mail: Why bank account access is not translating into usage (Note 4) scrutinises how bank accounts are being used, analyses why they are being used this way and asks why banks accounts are not used more.


Download the note Size 5mb

 

Similar Articles
7 Lessons from 2024
Although Cenfri has deep roots in financial inclusion and micro-insurance, our portfolio of work has expanded substantially over the intervening ye...
Scaling up health microinsurance in Kenya: Insights and opportunities
How can we prevent high healthcare costs and low insurance penetration from driving peo...
A pocket guide to navigating the structure of the G20
On 1 December 2024, South Africa will take over the G20 presidency. This is a fantastic opportunity for Africa. In his recent Troika ...
Supporting the development of a digital finance index
Digital financial services are transforming global financial service provision and access. Rapid developments in fintech are disrupting and transfo...