Africa

2 billion people worldwide are unbanked – here's how to change this

A Somali man browses the internet on his mobile phone at a beach along the Indian Ocean coastline in Somalia's capital Mogadishu, January 10, 2014. Somali rebel group al Shabaab has banned the use of the Internet in the Horn of Africa country, giving telecom operators 15 days to comply with the order, the militants said. "Any company or person who fails to comply with the rule will be dealt with according to the Islamic sharia," the group said in a statement posted on the Internet.

To expand worldwide financial inclusion, maybe we should look to sub-Saharan Africa for inspiration. Image: REUTERS/Feisal Omar

Irina Asktrakhan
Practice Manager, Finance and Markets Global Practice
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Africa

Sub-Saharan Africa has world's largest share of mobile money accounts
Image: World Bank
Mobile money account penetration in Sub-Saharan Africa
Image: World Bank
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