Worldwide, 50 percent of adults report having an individual or joint account at a formal financial institution. But while account penetration is nearly universal in high-income economies, with 89 percent of adults reporting that they have an account at a formal financial institution, it is only 41 percent in developing economies. Globally, more than billion adults do not have a formal account, most of them in developing economies. The differences in account ownership by individual characteristics are particularly large in developing economies. While 46 percent of men have a formal account, only 37 percent of women do. Indeed, there.
