A recent report by World Bank shows that between 2011 and 2014 the number of unbanked citizens in the world has been reduced by one third.
In the linked ﻿video, Ericsson’s Elaine Weidman-Grunewald explains how a mobile banking system has contributed to a rapid progress in increasing financial and social inclusion all over the world. She points out the World Bank report, which reveals that 2.5 billion people were﻿ unbanked in 2011, and this was﻿ reduced by almost one third to﻿2014. This means that ﻿750 million people are included now have access to the global ﻿banking system; Weidman-Grunewald attributes this gain largely to the accessability of mobile banking.﻿