Haberler      English      العربية      Pусский         Kurdî      Türkçe Delivering News and Insights Around the World Keltis
  En.Haberler.Com - Latest News
SEARCH IN NEWS:
  HOME PAGE 12/08/2022 20:17 
29.06.2022 22:12 News >> Coronavirus Pandemic Increased Global Use Of Digital Payments: World Bank

Coronavirus Pandemic Increased Global Use Of Digital Payments: World Bank

Adults making digital payments in developing economies grew from 35% in 2014 to 57% in 2021.

The coronavirus pandemic increased the use of digital payments globally, the World Bank said Wednesday.
"The COVID-19 pandemic has spurred financial inclusion – driving a large increase in digital payments amid the global expansion of formal financial services. This expansion created new economic opportunities, narrowing the gender gap in account ownership, and building resilience at the household level to better manage financial shocks," it said.
The World Bank said 76% of adults had an account at a bank, other financial institution or with a mobile money provider as of 2021, which is up from 68% in 2017 and 51% in 2011.
The growth in account ownership was evenly distributed in more countries as the percentage of ownership has increased double digits in 34 countries since 2017.
In developing economies, the share of adults making digital payments grew from 35% in 2014 to 57% in 2021.
"The digital revolution has catalyzed increases in the access and use of financial services across the world, transforming ways in which people make and receive payments, borrow, and save," according to World Bank Group President David Malpass.
"Creating an enabling policy environment, promoting the digitalization of payments, and further broadening access to formal accounts and financial services among women and the poor are some of the policy priorities to mitigate the reversals in development from the ongoing overlapping crises," he added. -



        Latest News
NY Police Says Suspect Of Author Salman Rushdie Attack Under Custody 8 minutes ago...
His condition remains unknown as social media images emerge showing aftermath of attack.
European Stock Markets Close Friday With Gains -37 minutes ago...
Italy's FTSE MIB performs best, rising 0.49%
'Accidents May Also Happen At EU Nuclear Plants: ' Russia's Ex-President -22 minutes ago...
Missiles, shells getting closer to reactor of Ukraine's Zaporizhzhia Nuclear Power Plant, says Dmitry Medvedev.
24 Chinese Jets, 6 Warships Detected Around Taiwan: Defense Ministry -7 minutes ago...
10 jets 'had flown on east part of median line of Taiwan Strait,' says Defense Ministry.
Sudanese-Libyan Patrol Finds 20 Bodies, Rescues 8 Surviving Irregular Immigrants -7 minutes ago...
Although nationalities of dead are unknown, officials say rescued people are Sundanese who were found on borders of North Darfur region and Libya.

 
      Top News
US' Expected Year-Ahead Inflation Falls To Lowest Since February: Survey US' Expected Year-Ahead Inflation Falls To Lowest Since February: Survey
Turkish Stock Exchange Closes Friday In Red Turkish Stock Exchange Closes Friday In Red
EU Confirms Sending Formal Letter To Greece On Wiretapping Scandal EU Confirms Sending Formal Letter To Greece On Wiretapping Scandal
Türkiye's Borsa Istanbul Opens Friday Up Türkiye's Borsa Istanbul Opens Friday Up
Sunak, Truss Clash Over Cost-Of-Living Crisis In UK Leadership Debate Sunak, Truss Clash Over Cost-Of-Living Crisis In UK Leadership Debate
Mcdonald's Planning To Reopen Some Restaurants In Ukraine Mcdonald's Planning To Reopen Some Restaurants In Ukraine
US Stocks Close Mixed, Surrendering Earlier Gains US Stocks Close Mixed, Surrendering Earlier Gains
Turkish Military Gets 1St Batch Of Domestic Mini-Spotter Drone TOGAN Turkish Military Gets 1St Batch Of Domestic Mini-Spotter Drone TOGAN
Newly Identified Langya Virus Being Tracked After China Infection, Reports Newly Identified Langya Virus Being Tracked After China Infection, Reports
Elon Musk Sells $6.9B In Tesla Stock As Twitter Trial Looms Elon Musk Sells $6.9B In Tesla Stock As Twitter Trial Looms