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flyingillini

flyingillini

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flyingillini

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Majority of Adults Remain Unbanked in Several Countries
A recent report by Global Finance highlights the top 10 countries where the largest proportion of adults remain unbanked. The data reveals a significant lack of access to formal financial services in these nations.
Leading the list is Morocco, with a staggering 71% of its adult population unbanked. Following closely behind are Vietnam (69%), Egypt (67%), and the Philippines (66%). Mexico (63%), Nigeria (60%), Peru (57%), Colombia (54%), Indonesia (52%), and Argentina (51%) also feature in the top 10, indicating that over half of the adult population in these countries lack access to essential banking services.
This lack of access to banking can have significant implications for economic development and individual well-being, hindering savings, access to credit, and overall financial inclusion. The data underscores the need for continued efforts to expand financial literacy and access to banking services in these regions.
 
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