South Africa has made significant
progress in expanding access to financial services for
individuals, but active usage of digital financial services
remains low. Approximately four in five South African adults
report owning a bank account. A broader metric that includes
access to regulated, non-bank financial services indicates
that 91 percent of adults are ‘formally
included.’ Both indicators have risen
substantially in the...
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2022/02/22
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168922
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2022/02/23
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South Africa – Financial Sector Assessment Program : Technical Note – Financial Inclusion
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