The document is a pocket edition of the Global Findex database, presenting its third round of data collection since the Global Findex database was launched in 2011. Indicators are organized by country, region and income group, and delve into the use of formal and informal financial services.
'The database provides nationally representative, demand-side data on access to and use of accounts, credit, payments, and savings by adults age 15 and above in 144 economies. In addition, new indicators measure how people make or receive digital payments.'
According to the report, a substantial 31.5% of the people over age 15 live without bank accounts globally, that's over 1.7 billion people relying entirely on cash to get by.
- 35% of people in Europe and Central Asia are unbanked
- 66.5% of people in the Middle East and North Africa are unbanked
- 44.6% of people in Latin America & the Caribbean are unbanked
The Global Findex database is housed in the World Bank’s Development Research Group and funded by the Bill & Melinda Gates Foundation. It is the first public global database of demand-side indicators to track the financial lives of individuals over time. Covering a range of topics, the data can be used to create a more complete picture of how people save, borrow, manage risk, and send and receive money.
On Tuesday, October 16th 2018, Capgemini and BNP Paribas published the 2018 World Payments Report and found that non-cash transactions are on the rise. Since we know from recent reports that cash use and cash demand is also increasing, readers should not be too hasty in concluding that cash will disappear as non-cash transactions grow. There is still no electronic or digital payment method that can replace resilient cash.
Cash remains hugely important all over the world, shows G4S report
On April 17th, 2018, G4S - a global, integrated security company - published a report which concludes that worldwide cash use is actually on the rise. New and alternative payment use has increased, of course, but the report's infographic alone shows how cash is still by far the most widely used form of payment in all regions of the world and cash in circulation is growing...
The problem with a cashless society, according to central banks Cybersecurity concerns are rising at an alarming rate. Central bankers warn that a cashless future would leave individuals and institutions vulnerable to hacker attacks as well as network failures.
Currency News World’s 1st Global Cash Report Reveals Cash on the Increase Cash is still by far the most widely used form of payment in all regions of the world and cash in circulation is growing, according to a new report published by security and cash management specialist G4S.