How Mobile Phones Help to Reshape the Global Economy

mobile economy market research

In emerging markets, formal banking reaches about 37% of the population, compared with a 50% penetration rate for mobile phones financial systems, according to McKinsey. This constitutes 2.2 billion adults who don’t use banks or micro-financial institutions.

Source: World Economic Forum

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About David H. Deans

Principal Consultant and Founder of
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