Why banking access lags in emerging markets
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Banking penetration in emerging markets is much lower than in developed markets, but it is improving
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Insufficient funds is the top reason people don’t have bank accounts, followed by expensive banking products
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Poor branch proximity is a key issue in India, lack of documentation in Tanzania and religious sensitivities in Morocco
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This report is independent investment research as contemplated by COBS 12.2 of the FCA Handbook and is a research recommendation under COBS 12.4 of the FCA Handbook. Where it is not technically a research recommendation because the subject of the research is not listed on any European exchange, it has nevertheless been treated as a research recommendation to ensure consistent treatment of all Tellimer's research. This report has been produced by the analyst(s) named above (the "Analyst").
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