Fig. 1
From: Is money going digital? An alternative perspective on the current hype
Financial services and the reach of telecom services. Demirguc-Kunt et al. (2015), International Telecommunication Union (2015). Account at FI is the share of individuals above 15 years old who have an account at a financial institution in a country, while Cell phone is the number of mobile cellular subscriptions per 100 people. Developing and developed countries are set according to the United Nation’s statistics