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ANKARA - The coronavirus pandemic increased the use of digital payments globally, the World Bank said Wednesday. "The Covid-19 pandemic has spurred financial inclusion - driving a large increase in digital payments amid the global expansion of formal financial services. This expansion created new economic opportunities, narrowing the gender gap in account ownership, and building resilience at the household level to better manage financial shocks," it said. The World Bank said 76 percent of adults had an account at a bank, other financial institution or with a mobile money provider as of 2021, which is up from 68 percent in 2017 and 51 percent in 2011. The growth in account ownership was evenly distributed in more countries as the percentage of ownership has increased double digits in 34 countries since 2017. In developing economies, the share of adults making digital payments grew from 35 percent in 2014 to 57 percent in 2021. "The digital revolution has catalyzed increa

Turkey generalDavid malpassWorld bank groupWorld bankBank group president david malpassAnkara the coronavirus pandemic increased use of digital payments globallyHe world bank said wednesday quot the covid 19 pandemic has spurred financial inclusion drivinga large increase in digital payments amid global expansion of formal services this created new economic opportunitiesArrowing the gender gap in account ownershipNd building resilience at the household level to better manage financial shocksUot it said the world bank 76 percent of adults had an account ataTher financial institution or witha mobile money provider as of 2021Hich is up from 68 percent in 2017 and 51 2011 the growth account ownership was evenly distributed more countries as percentage of has increased double digits 34 since developing economiesHe share of adults making digital payments grew from 35 percent in 2014 to 57 2021 quot the revolution has catalyzed increases access and use financial services across worldRansforming ways in which people make and receive paymentsLand saveUot world bank group president david malpass said quot creating an enabling policy environment