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Lack of bank access slows digital payment growth

“According to the World Bank’s 2017 Global Findex Database, 69 per cent of adults in the world have bank accounts, leaving around 1.7-1.8 billion people with no bank accounts. The figure was up from 62 per cent in 2014 and 51 per cent in 2011, driven by the rise of digital payment, which has emerged in developing regions such as Africa, India, China and Southeast Asia, World Bank expert Kyle Keller told a conference on Thursday.”