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πŸ“° News ⏱ 2 min
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Key Points

6 points
1

Program started to make banking easy for everyone.

2

Account numbers grew from 150 million to 590 million.

3

33 % of the country’s population now has an account.

4

More than 460 million people in rural areas have accounts.

5

Over 13 million helpers called “Bank Friends” bring services to remote places.

6

Digital cards let people pay using phones or cards.

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Summary

Since 2014, the number of accounts rose from about 150 million to about 590 million.

Women now hold more than half of all the new accounts.

Most new accounts are in villages and small towns, helping people far from big cities.

The program also lets the government send money straight to people’s accounts, making help faster.

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New Words to Learn

5 words
financial inclusion
making sure everyone can use banks and money services
beneficiary
someone who receives money or help
intermediary
a person who stands in the middle of a process
digital payments
paying for things using a phone or computer instead of cash
infrastructure
the basic buildings and services needed for something to work
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