More than 2.5 billion adults do not have a bank account or use other formal financial services—not only because of the challenges of living in poverty, but also due to costs, travel distance, and other barriers.
A growing body of evidence suggests that access to the right financial tools at critical moments can determine whether a poor household is able to capture an opportunity to move out of poverty or absorb a shock without being pushed deeper into debt.
Read more at the Gates Foundation
