Universal Financial Access Global Payment Systems Survey 2015

Resource published October 11, 2016

During the 2013 World Bank–International Monetary Fund Annual Meetings, the World Bank Group (WBG) President Dr. Jim Yong Kim announced that the WBG envisions that adults worldwide will have universal financial access (UFA) by 2020. That is, adults will be able to have access to a transaction account to store money, and make and receive payments as the basic building block to manage their financial lives.

In the 2015 Spring Meetings, Dr. Kim announced that the WBG will help enable reaching 1 billion financially excluded adults via transaction accounts. For this purpose, the WBG has scaled up its investment, financial, advisory, knowledge, and convening resources, and focuses on 25 focus countries in which over 70% of the world’s unbanked reside. As one of the tools to monitor progress towards the UFA goal, the Global Payment Systems Survey (GPSS) – a bi- annual survey of central banks to collect information on the status of payment systems worldwide – was expanded to include a data module on transaction accounts and diversified access points as key drivers of financial access. This report uses data provided by national central banks and/or other publicly available sources to analyze progress towards the UFA goal for the focus countries.

View the report