WSBI, members exceed 2015 projections on UFA commitment
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BRUSSELS, 12 April 2016 – WSBI announced this week that it has exceeded its projections on its commitment to the Universal Financial Access 2020 Goal both in terms of total numbers of customers as well as transaction accounts.
In a strongly upbeat 2015 progress report submitted to the World Bank Group, WSBI reported that clients reached by its members was 1.549 billion, 2.4% jump from projection. New client numbers swelled, with 117 million in 2015, up 8.2% from the 2014 level. Transaction account reached 2.331 billion as at 31 December 2015, or 5.9 % above the year-on-year projection.
New transaction accounts levels grew by 244 million in 2015, a 11.7% jump from 2014. The results prove that WSBI and its members are pushing ahead with their September 2015 pledge to reach 1.7 billion customers and 400 million new transaction accounts by the end of 2020.
The results will be presented at the IMF-World Bank Spring meetings in Washington, D.C., being held from 15-17 April 2016. The report will be available at that time on the World Bank public website.