The future of banking is in your pocket.
According to the World Bank, more then 2.5 billion people don’t have access to banking services. In many parts of Africa and Central Asia,
fewer than 15 percent of adults
have an account with a formal financial institution. But there’s good news: The world’s richest couple think we can do better.?In the
2015 Gates Annual Letter
, Bill and Melinda Gates describe how technology–specifically, mobile phones–will be key to a future of financial freedom for billions. “Already, in the developing countries with the right regulatory framework, people are storing money digitally on their phones and using their phones to make purchases, as if they were debit cards,” they write.