IMF study shows Botswanas quantum leap in banking the unbanked

An International Monetary Fund (IMF) study released on Monday shows that from a decade ago when only 41% of adults in the country had access to banking services, by the end of last year most had access either through formal banking or the rapidly rising uptake of mobile money.

The latest numbers are contained in the IMF’s Financial Access Survey, which has tracked trends in financial inclusion and banking service uptake across 180 countries since 2009. The survey is based on administrative data collected by central banks and other financial regulators.