Send­ing Money

Southasia - - BRIEFS -

ranks first in South Asia in the use of mo­bile fi­nan­cial ser­vices. Ac­cord­ing to Global Fin­dex Data­base, around 9% of men and 2% of women in Pak­istan carry out fi­nan­cial trans­ac­tions by us­ing their mo­bile phones. In­dia ranks se­cond with only 3% of its male and 1% of its fe­male pop­u­la­tion mov­ing money through their mo­bile phones. In 2014, only three per cent of peo­ple in South Asia used a mo­bile phone to send or re­ceive money. The Global Fin­dex is the most com­pre­hen­sive data­base that con­sis­tently mea­sures peo­ple’s use of fi­nan­cial ser­vices across dif­fer­ent coun­tries.

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