In Mexico, 63% of people rely on cash (World Bank, 2018)
Jun 10, 2019
The statistic comes from the World Bank report, The Little Data Book of Financial Inclusion report, published in April 2018.
Mexico is the third most populated country in the Americas, with an adult population of approximately 98 million. Out of these, only 37% have bank accounts while most of Mexico's population, at 63%, rely on cash to get by.
Other findings
- 35% of people in Europe and Central Asia are unbanked
- 66.5% of people in the Middle East and North Africa are unbanked
- 44.6% of people in Latin America & the Caribbean are unbanked
- 31.5% of adults globally do not have bank accounts...that's 1.7 billion people!
The document is a pocket edition of the Global Findex database, presenting its third round of data collection since the Global Findex database was launched in 2011. Indicators are organized by country, region and income group, and delve into the use of formal and informal financial services.
Last Updated: Feb 12, 2020