Last week I wrote a blog highlighting the improvement of bank account penetration across the countries referred to as BRIC (Brazil, Russia, India, and China) and MINTS (Mexico, Indonesia, Nigeria, Turkey, and South Africa). The data source was the 2014 Global Financial Inclusion (Global Findex) database of 100 banking and payment indicators constructed by the World Bank from interviews with 150,000 adults (individuals above age 15) in 143 countries. Reviewing account penetration growth, we see that the average BRIC and MINTS market improvement was in double digits, with BRIC countries improving account penetration by an average of 16% and MINTS countries improving by a little over 11%, which both exceed the global average.
Read the full blog here