In 2023, Northern European countries like Finland, Norway, and Denmark achieved complete account ownership penetration, reaching 100% among adults aged 25+. Other European and developed countries closely followed, with account ownership exceeding 95% in most cases. Emerging markets, including India and Kenya, showed substantial gaps, although significant strides have been made, particularly with mobile money services.
Looking ahead to 2024 and beyond, key trends to observe include:
- Continual growth in account ownership in emerging markets driven by digital payment platforms.
- Potential barriers in less affluent regions due to infrastructure and regulatory challenges.
- The role of financial technology in bridging the gap between traditional banking and mobile money solutions.
Top countries in Account Ownership at a Financial Institution or with a Mobile-Money-Service Provider by Country
| # | 10 Countries | Percent of Persons Aged 25+ | Last Year | |
|---|---|---|---|---|
| 1 | 1 Finland | 100 | 2021 | View data |
| 2 | 2 Netherlands | 100 | 2021 | View data |
| 3 | 3 Norway | 100 | 2021 | View data |
| 4 | 4 Denmark | 100 | 2021 | View data |
| 5 | 5 Germany | 99.97 | 2021 | View data |
| 6 | 6 Austria | 99.95 | 2021 | View data |
| 7 | 7 United Kingdom | 99.73 | 2021 | View data |
| 8 | 8 Belgium | 99.65 | 2021 | View data |
| 9 | 9 Sweden | 99.65 | 2021 | View data |
| 10 | 10 Ireland | 99.61 | 2021 | View data |
