FINANCIAL INCLUSION
To put those figures into perspective , the smartphone adoption rate in the world ’ s largest economy , the US , is currently reported to be about 85 %, but that too will grow by 2025 .
Karen Jordaan , from digital crossborder payments company WorldRemit , says : “ Globally , there are now over 6.5bn active devices , and this number is growing as they become increasingly affordable in developing countries . These smartphones – and access to the fintech services that are available on them – have led to the rise of online payments and other services improving the financial fortunes of developing countries .” fintechmagazine . com 117