Representative image
"It is heartening to see that of these 51.4 crore accounts, the number of Jan Dhan Accounts opened in India during the same period is about 28.17 crore, constituting nearly 55 per cent of the accounts opened globally during this period", he added.
In a strong defence of Aadhaar, the World Bank on Thursday said India's "strong government" push to increase account ownership through biometric identification cards helped narrow both the gender gap and the gap between the rich and poor.
Despite the government's efforts on promoting cashless payments, only one third of the account owners have made at least one digital payment in the past 12 months, a new report by World Bank says. The gap between men and women in developing economies remains unchanged since 2011, at 9 percentage points.
The total number of Jan Dhan account holders has risen to 31.44 crore in March, 2018, up from 28.17 crore a year earlier, according to government data. "Of the 51.4 crore bank accounts opened from 2014-17 globally, a whopping 55% from India" he said in a tweet. There are other opportunities to increase account ownership and use through digital payments: more than 200 million unbanked adults who work in the private sector are paid in cash only, as are more than 200 million who receive agricultural payments.
This, it states, is comparable to 80 percent of adults in China who have an account. Home to 225 million adults without an account, China has the world's largest unbanked population, followed by India (190 million), Pakistan (100 million), and Indonesia (95 million).
The share of adults with accounts is growing but there are disparities among regions and, more starkly, between women and men, she said.
Among men and among adults in the wealthiest 60 per cent of households it increased by about 20 percentage points.
Jake Arrieta twirls a gem as Phillies wallop Pirates
The Phillies have won five straight against NL Central opponents and six of their last eight games against a right-handed starter. The New York Yankees and Toronto Blue Jays have already played five times this season and every single game has been a close one.
Wednesday's Tigers-Orioles game moved to 1:10 pm
In their lone matchup of the weekend with New York , Detroit endured a pair of five-run deficits and almost made a comeback late. Still, his ERA is 2.13 and his other number are fantastic as well, with a 0.95 WHIP and batters hitting only.167 against him.
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Thursday was the hottest April day for almost 70 years, with the mercury soaring to 29.1C (84F) in St James' Park in London. Some hay fever sufferers could be affected by high pollen counts, he added. "Grass pollen season comes later in summer".
According to the report, the gender gap in the use of digital payments varies substantially among developing economies.
"In the past few years, we have seen great strides around the world in connecting people to formal financial services", World Bank Group President, Jim Yong Kim said.
And having access to an account makes it more likely individuals will save for emergencies, and use the funds to invest in education, health care or even in a small business.
The massive database, which compiles interviews of 150,000 adults in 144 countries, for the first time gathered information on mobile phone access, showing that 1.1 billion "unbanked" adults have a mobile phone.
It also attributes the progress being driven by the Jan Dhan Yojana policy which has used biometric ID to expand access to financial services.
Digital technology could take advantage of existing cash transactions to bring people into the financial system, the report finds.
This is unedited, unformatted feed from the Press Trust of India wire.
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