The World Bank released a study report showing the percentage of the population in select countries that owned a bank account.The study was for the year 2017.
Australia and Canada are the top two in the list, with 100% and Pakistan languishing at a mere 21%. India stood eighth, with 80% of the population owning at least one bank account.
Prime Minister Narendra Modi’s emphasis on more of cashless or online transactions, rather than cash, may have necessitated more people to open a bank account.
Percentage of population of countries that own a bank account (2017):
Australia: 100%
Canada: 100%
Germany: 99%
UK: 96%
France: 94%
US: 93%
China: 80%
India: 80%
Russia: 76%
Saudi: 72%
Turkey: 69%
Indonesia: 49%
Nigeria: 40%
Egypt: 33%
Pakistan: 21%
Source : World Bank
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