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That is why the World Bank's triennial Global Findex report is so important. Based on a survey of more than 150,000 representative individuals, the report provides a birds-eye view of patterns and regularities in data pertaining to finance and financial inclusion – such as saving behavior, use of mobile money, and preferred modes of sending and receiving remittances – in 140 economies. The latest Global Findex report informs us that 515 million individuals opened a "bank account" at a traditional financial institution or through a mobile money provider between 2014 and 2017 . As a result, 69 percent of adults worldwide now have bank accounts, up from 62 percent in 2014 and 51 percent in 2011 . The latest Global Findex report also underscores the benefits, especially for women, conferred by access to mobile money. The competition prompted by the Global Findex rankings could be particularly valuable, especially with regard to financial inclusion.The Global Findex report also quantifies and ranks countries according to the gender gap in financial inclusion.India, for example, has made huge strides in expanding financial inclusion.
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