Indians’ Access to Mobile Money Jumps 17-Fold in Four Years: IMF

Financial innovation has in part led to a 17-fold jump in the number of adult Indians per thousand people having access to financial services offered by a mobile network or its partners in the four years to 2019, IMF said in its latest survey on financial access.

IMF’s financial access survey for 2020, which offers a pre-pandemic snapshot of financial inclusion, said the number of registered mobile money accounts per thousand adults jumped from 73 in 2015 to 1,265 in 2019.

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