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Financial Sector

Latin America: Most still keep their money under the mattress

Asli Demirgüç-Kunt's picture

También disponible en español

money under the mattress

Handing out a debit card or a 10 dollar bill to the fast-food franchise attendant is probably as natural to most people as buying their lunch every day. Many don't see this as a separate process but as an intrinsic part of the whole "getting lunch" deal.

This, however, doesn't hold true for 250 million people in Latin America and the Caribbean. Over 60 percent of Latin Americans adults are still unbanked and, as a consequence, unable to access plastic, checks, credit or other forms of banking tools that make life easy –and, in some cases, help achieve life goals such as buying a home or saving for retirement.

Can global headwinds slow down Mexico’s economy?

Paloma Anós Casero's picture

También disponible en español

Uncertainty surrounding the global economy remains high. Despite relative calm in the markets, several black clouds are on the global economic horizon in 2012, with potentially serious consequences for Mexico, depending on how complicated the global situation becomes.

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