HOW DIGITIZING TRANSFER AND REMITTANCE PAYMENTS DRIVES ECONOMIC GROWTH. Photo: World Bank

Though 50 percent of adults have an account at a formal financial institution, women are still financially excluded. Digitization can help remove the financial costs that hinder financial inclusion. Photo: World Bank

For the world's 2.5 billion who don't have a formal account, digitization in the payment sector has created innovations in financial services such as using mobile phones for banking. Photo: World Bank