The World Bank's Global Findex 2025 report shows a major rise in financial inclusion in low- and middle-income countries, driven largely by mobile technology.
It says 40% of adults in developing economies saved through formal institutions in 2024, up 16 points from 2021, the fastest growth in a decade.
Sub-Saharan Africa saw a 12-point increase in formal savings, now at 35%.
Mobile money use for saving doubled to 10% among adults in developing countries.
Global account ownership is now nearly 80%, though 1.3 billion adults remain unbanked.
Of the unbanked, 900 million have mobile phones, offering potential for expanded access.
World Bank President Ajay Banga emphasizes the need for digital infrastructure like IDs social protection and modern payment systems to support this growth.
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