{"id":630662,"date":"2018-04-29T04:08:27","date_gmt":"2018-04-29T04:08:27","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/04\/29\/egypt-among-countries-which-have-shown-improvement-in-financial-inclusion\/"},"modified":"2018-04-29T04:08:27","modified_gmt":"2018-04-29T04:08:27","slug":"egypt-among-countries-which-have-shown-improvement-in-financial-inclusion","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/04\/29\/egypt-among-countries-which-have-shown-improvement-in-financial-inclusion\/","title":{"rendered":"Egypt among countries which have shown improvement in financial inclusion"},"content":{"rendered":"

<\/a> With one in three now banked, Egypt has shown substantial improvement in financial inclusion since 2014<\/strong>, according to the World Bank\u2019s Global Findex Database (pdf)<\/a>, which charts financial inclusion figures. Adults with a bank account in Egypt grew to 33% in 2017 from less than 20% in 2014, according to the report. While the improvement is high, and among the highest from emerging markets we\u2019ve seen charted, inequality remains an obstacle. Men are 12% more likely to have bank accounts than women, with the gap between high and low income adults growing 21%. The World Bank notes that these trends reflect the global outcomes of the database. In the MENA region, 52% of men have accounts, while only 35% of women have them, the largest gender gap of any region.<\/p>\n

Relatively high mobile phone ownership in MENA offers an avenue for expanding financial inclusion:<\/strong> Among the unbanked, 86% of men and 75% of women have a mobile phone. Up to 20 mn unbanked adults in the region send or receive domestic remittances using cash or an over-the-counter service, including 7 mn from Egypt, according to the report<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

With one in three now banked, Egypt has shown substantial improvement in financial inclusion since 2014, according to the World Bank\u2019s Global Findex Database (pdf), which charts financial inclusion figures. Adults with a bank account in Egypt grew to 33% in 2017 from less than 20% in 2014, according to the report. While the improvement […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[8572],"tags":[72,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-630662","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"1512664b-7232-4538-b207-e7cf955dbf78","order":"0","is_powered_by":true,"section_story_id":"e518f16a-52f1-4846-9478-55c43194aa95","story_type":"1","photo_url":"","photo_position":"above","related_issue":[630645],"teaser":"","voice_url":""},"yoast_head":"\nEgypt among countries which have shown improvement in financial inclusion - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2018\/04\/29\/egypt-among-countries-which-have-shown-improvement-in-financial-inclusion\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Egypt among countries which have shown improvement in financial inclusion\" \/>\n<meta property=\"og:description\" content=\"With one in three now banked, Egypt has shown substantial improvement in financial inclusion since 2014, according to the World Bank\u2019s Global Findex Database (pdf), which charts financial inclusion figures. Adults with a bank account in Egypt grew to 33% in 2017 from less than 20% in 2014, according to the report. 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State-owned and private banks, as well as branches of foreign banks, will get those departments to lay down three-\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":594835,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/09\/09\/cbe-boss-tarek-amer-to-become-chairman-of-alliance-for-financial-inclusion\/","url_meta":{"origin":630662,"position":2},"title":"CBE boss Tarek Amer to become chairman of Alliance for Financial Inclusion","author":"enterpriseam admin","date":"9 September 2019","format":false,"excerpt":"MOVES- Central Bank of Egypt Governor Tarek Amer will on Tuesday assume the chairmanship of the Alliance for Financial Inclusion\u2019s (AFI) board of directors, MENA reported. Deputy Governor Lobna Helal has headed the AFI\u2019s Gender and Women\u2019s Financial Inclusion Committee since 2016. 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The central bank will hold a 99.9% stake in the Terra Digital Financial Infrastructure Company, and\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":598265,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/05\/20\/fintech-in-egypt-has-the-potential-to-boom\/","url_meta":{"origin":630662,"position":5},"title":"Fintech in Egypt has the potential to boom","author":"enterpriseam admin","date":"20 May 2019","format":false,"excerpt":"A deep dive into the state of fintech in Egypt: Egypt\u2019s burgeoning fintech scene could spur growth by helping bring more people and businesses into the formal economy, writes Yasmeen Nabil in Wamda. 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