<!-- Start of picture text --> the Middle East, while the share of account holders with a high-use account is similar for<br>men and women, women are less likely than men to have a medium-use account and<br>more likely to have a dormant account.<br>Outside high-income OECD economies, not surprisingly, those with a high-use account are<br>generally more likely to belong to the richer parts of the population. Overall in developing<br>economies, adults in the poorest 20 percent of households typically hold 10 percent or<br>fewer of the high-use accounts. And in the Middle East and South Asia adults in the richest<br>20 percent of households hold more than 40 percent of high-use accounts on average.<br>Adults who reported receiving wage payments FIGURE 4.6<br>into an account in the past 12 months also Intensity of account use among richer and poorer recipients<br>of digital wage payments<br>are more likely to have a high-use account:<br>Adults receiving wages into an account, by level of account use<br>the vast majority of this group reported us- (as % of total household income group), 2014<br>ing their account to save, to send payments, Poorest 40% of households Richest 60% of households<br>to directly make a purchase with a debit 50 High use<br>Medium use<br>card, or for cash management purposes. 40<br>This finding holds both for adults in the<br>poorest 40 percent of households within 30<br>economies and for those in the richest 60 20<br>percent—though the share receiving wage<br>payments into an account is lower among 10<br>adults in the poorer group of households<br>(figure 4.6). Europe and Central Asia is an East Asia Europe High-income Latin Middle South Sub-Saharan<br>& Pacific & Central OECD America & East Asia Africa<br>exception to this general trend, however. Asia economies Caribbean<br>There, regardless of household income, Note: Data for the poorest 40 percent and richest 60 percent of households are based on household income quintiles<br>about 30 percent of adults who reported within economies. Source: Global Findex database.<br>receiving wages into an account do not<br>have a high-use account.<br>Opportunities for expanding financial inclusion among the unbanked<br>Globally, 38 percent of adults remain unbanked. Yet among the survey respondents who<br>do not have an account, only 4 percent said that the only reason for not having one is that<br>they do not need one. The Global Findex data point to several promising opportunities<br>for expanding account ownership among the unbanked. 7<br>The reasons reported by people themselves for not owning an account already suggest<br>ways in which policy makers might be able to remove barriers. By providing a regula-<br>tory framework conducive to expanding account ownership—through such actions as<br>licensing bank agents, introducing tiered documentation requirements, requiring banks<br>to offer basic or low-fee accounts, and allowing the evolution of new technologies such<br>as mobile money—governments can both help lower the cost of financial services and<br>help reduce the distance to financial institutions by making it cost-effective for them to<br>locate outlets in more remote areas. 8<br>The Global Findex data on payments and saving point to another set of opportunities<br>for expanding financial inclusion. Each centers on a financial transaction that people are<br>THE GLOBAL FINDEX DATABASE 64<br><!-- End of picture text -->