Which country has the highest Banking Participants?

Denmark has the highest Banking Participants, at 100.0%, followed by Iceland (100.0%) and Germany (100.0%).

Which country has the lowest Banking Participants?

South Sudan has the lowest Banking Participants, at 5.83%.

What is the median Banking Participants across countries?

The median is 66.0% across the 160 countries with data.

Where does this mobile banking usage by country data come from?

Rankodex compiles it from World Population Review and the primary sources it cites: Mobile money account (% age 15+) - World Bank; Account ownership at a financial institution or with a mobile-money-service provider (% of population ages 15+) - World Bank.

Country rankings

Mobile Banking Usage by Country

Name: Mobile Banking Usage by Country
Creator: Rankodex

Denmark has the highest Banking Participants (100.0%), followed by Iceland (100.0%) and Germany (100.0%). South Sudan has the lowest (5.83%).

Infrastructure & Energy160 countries · 5 metricsUpdated Aug 27, 2024Original page

2 sources

Mobile money account (% age 15+) - World Bank
Account ownership at a financial institution or with a mobile-money-service provider (% of population ages 15+) - World Bank

Showing

160 of 235 countries

Compare this metric Add to combined ranking Open full map

Banking Participants

Darker means higher. Click a place to highlight it.

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Ranking

Highest first: the first 15 and last 5 of 160 countries.

Distribution Median and middle halfThe median is the middle value: half of places are above it, half below. The middle half is the range holding the central 50% of places.More in the glossary →

Each dot is one country; the lines mark the median and the middle half.

Median

66.0%

Middle half 44.2% – 90.1%

Average

64.3%

160 countries

Highest

100.0%

Denmark

Lowest

5.83%

South Sudan

Data

Click a column to sort, a row to highlight that place on the charts.

160 countries · # = rank by Banking Participants

#
1	Denmark	100.0%	2,021	—	—	—
1	Iceland	100.0%	2,021	—	—	—
3	Germany	100.0%	2,021	—	—	—
4	Austria	100.0%	2,021	—	—	—
5	United Kingdom	99.8%	2,021	—	—	—
6	Netherlands	99.7%	2,021	—	—	—
7	Sweden	99.7%	2,021	—	—	—
8	Ireland	99.7%	2,021	—	—	—
9	Canada	99.6%	2,021	—	—	—
10	Finland	99.5%	2,021	—	—	—
11	Switzerland	99.5%	2,021	—	—	—
12	Norway	99.5%	2,021	—	—	—
13	Estonia	99.4%	2,021	—	—	—
14	Australia	99.3%	2,021	—	—	—
15	France	99.2%	2,021	—	—	—
16	Slovenia	99.1%	2,021	—	—	—
17	Belgium	99.0%	2,021	—	—	—
18	Luxembourg	98.8%	2,017	—	—	—
19	New Zealand	98.8%	2,021	—	—	—
20	South Korea	98.7%	2,021	—	—	—
21	Japan	98.5%	2,021	—	—	—
22	Mongolia	98.5%	2,021	58.8%	15.7%	21.9%
23	Spain	98.3%	2,021	—	—	—
24	Hong Kong	97.8%	2,021	—	—	—
25	Singapore	97.6%	2,021	30.6%	21.8%	9.6%
26	Italy	97.3%	2,021	—	—	—
27	Latvia	96.6%	2,021	—	—	—
28	Malta	96.5%	2,021	—	—	—
29	Poland	95.7%	2,021	—	—	—
30	Slovakia	95.6%	2,021	—	—	—
31	Thailand	95.6%	2,021	60.0%	27.9%	8.3%
32	United States	95.0%	2,021	—	—	—
33	Czechia	94.9%	2,021	—	—	—
34	Greece	94.9%	2,021	—	—	—
35	Lithuania	93.5%	2,021	—	—	—
36	Cyprus	93.1%	2,021	—	—	—
37	Israel	92.9%	2,021	—	—	—
38	Portugal	92.7%	2,021	—	—	—
39	Croatia	91.8%	2,021	—	—	—
40	Mauritius	90.5%	2,021	15.9%	9.9%	5.6%
41	Iran	90.0%	2,021	12.4%	8.5%	26.3%
42	Russia	89.7%	2,021	32.9%	10.9%	—
43	Serbia	89.4%	2,021	—	—	—
44	Sri Lanka	89.3%	2,021	3.1%	—	2.4%
45	China	88.7%	2,021	—	—	—
46	Malaysia	88.4%	2,021	28.0%	13.6%	10.9%
47	Hungary	88.2%	2,021	—	—	—
48	Chile	87.1%	2,021	—	—	18.7%
49	United Arab Emirates	85.7%	2,021	13.3%	6.4%	21.3%
50	South Africa	85.4%	2,021	36.6%	20.8%	19.0%
51	North Macedonia	85.3%	2,021	—	—	—
52	Venezuela	84.4%	2,021	30.3%	13.4%	11.0%
53	Brazil	84.0%	2,021	27.0%	16.4%	4.8%
54	Bulgaria	84.0%	2,021	—	—	—
55	Ukraine	83.6%	2,021	—	—	—
56	Bahrain	82.6%	2,017	—	—	—
57	Belarus	81.2%	2,017	—	—	—
58	Kazakhstan	81.1%	2,021	—	—	—
59	Trinidad and Tobago	80.8%	2,017	—	—	—
60	Kuwait	79.8%	2,017	—	—	—
61	Maldives	79.6%	2,017	—	—	23.3%
62	Bosnia and Herzegovina	79.3%	2,021	—	—	—
63	Kenya	79.2%	2,021	68.7%	57.6%	72.9%
64	India	77.5%	2,021	10.4%	5.9%	2%
65	Saudi Arabia	74.3%	2,021	—	—	—
66	Uruguay	74.1%	2,021	—	—	—
67	Turkey	74.1%	2,021	18.3%	9.4%	16.4%
68	Oman	73.6%	2,011	—	—	—
69	Jamaica	73.3%	2,021	12.7%	9.7%	—
70	Argentina	71.6%	2,021	35.1%	29.6%	2.4%
71	Namibia	71.4%	2,021	42.6%	28.2%	43.4%
72	Georgia	70.5%	2,021	8.2%	—	2.2%
73	Puerto Rico	69.7%	2,014	—	—	—
74	Romania	69.1%	2,021	—	—	3%
75	Bolivia	68.9%	2,021	13.0%	7.7%	7.1%
76	Costa Rica	68.5%	2,021	—	—	—
77	Montenegro	68.4%	2,017	—	—	—
78	Ghana	68.2%	2,021	59.7%	46.5%	39.0%
79	Eswatini	66.2%	2,022	56.7%	46.0%	—
80	Gabon	66.1%	2,021	57.5%	50.3%	43.6%
81	Uganda	65.9%	2,021	53.8%	42.4%	50.6%
82	Qatar	65.9%	2,011	—	—	—
83	Libya	65.7%	2,017	—	—	—
84	Moldova	64.3%	2,021	—	—	—
85	Ecuador	64.2%	2,021	—	—	2.9%
86	Lesotho	63.6%	2,022	45.9%	32.7%	27.6%
87	Zimbabwe	59.8%	2,021	50.6%	37.0%	48.6%
88	Colombia	59.7%	2,021	21.8%	15.4%	4.7%
89	Botswana	58.8%	2,022	36.6%	26.5%	24.4%
90	Peru	57.5%	2,021	14.3%	7.5%	2.6%
91	Vietnam	56.3%	2,022	16.5%	9.3%	3.5%
92	Senegal	56.0%	2,021	44.9%	29.5%	31.8%
93	Armenia	55.4%	2,021	16.7%	12.9%	9.8%
94	Paraguay	54.4%	2,021	37.7%	24.7%	28.9%
95	Nepal	54.0%	2,021	6.1%	—	—
96	Bangladesh	52.8%	2,021	29.0%	15.0%	21.3%
97	Tanzania	52.4%	2,021	44.6%	28.7%	38.5%
98	Indonesia	51.8%	2,021	9.3%	—	3.1%
99	Cameroon	51.7%	2,021	42.4%	36.3%	15.1%
100	Liberia	51.6%	2,021	36.3%	19.3%	20.8%
101	Philippines	51.4%	2,021	21.7%	14.3%	4.5%
102	Dominican Republic	51.3%	2,021	7.6%	—	3.9%
103	Ivory Coast	50.8%	2,021	40.4%	30.5%	34.1%
104	Rwanda	50.0%	2,017	—	—	31.1%
105	Togo	49.6%	2,021	36.5%	24.3%	21.5%
106	Mozambique	49.5%	2,021	29.4%	20.1%	21.9%
107	Mexico	49.0%	2,022	—	12.1%	5.6%
108	Benin	48.6%	2,021	36.7%	25.1%	18.1%
109	Zambia	48.5%	2,021	41.6%	29.3%	27.8%
110	Belize	48.2%	2,014	—	—	—
111	Myanmar	47.8%	2,021	29.0%	20.0%	0.7%
112	Republic of the Congo	47.1%	2,021	36.8%	28.1%	6.2%
113	Jordan	47.1%	2,021	10.7%	6.5%	1.1%
114	Ethiopia	46.5%	2,022	4.6%	—	0.3%
115	Azerbaijan	46.3%	2,022	—	—	—
116	Nigeria	45.3%	2,021	8.7%	—	5.6%
117	Kyrgyzstan	45.1%	2,021	11.4%	8.5%	3.1%
118	Panama	45.0%	2,021	—	—	3.5%
119	Morocco	44.4%	2,021	6.3%	—	0.6%
120	Albania	44.2%	2,021	—	—	2.4%
121	Uzbekistan	44.1%	2,021	—	—	—
122	Algeria	44.1%	2,021	—	—	—
123	Mali	43.5%	2,021	29.4%	13.2%	24.4%
124	Malawi	42.7%	2,021	34.4%	18.6%	20.3%
125	Turkmenistan	40.6%	2,017	—	—	—
126	Tajikistan	39.5%	2,021	2.1%	—	—
127	Somalia	38.7%	2,014	—	—	—
128	Honduras	37.9%	2,021	8.9%	—	6.2%
129	Laos	37.3%	2,021	5.5%	—	—
130	Guatemala	37.0%	2,022	5.2%	—	2.1%
131	Tunisia	36.9%	2,021	3.7%	—	2%
132	Burkina Faso	36.1%	2,021	24.7%	13.1%	33.0%
133	El Salvador	35.9%	2,021	10.9%	3%	3.6%
134	Comoros	34.3%	2,022	7.7%	—	—
135	Bhutan	33.7%	2,014	—	—	—
136	Palestine	33.6%	2,021	2.3%	—	—
137	Cambodia	33.4%	2,021	6.6%	—	5.7%
138	Gambia	33.0%	2,022	3.8%	—	—
139	Haiti	32.6%	2,017	—	—	13.5%
140	Guinea	30.4%	2,021	21.5%	13.9%	13.8%
141	Angola	29.3%	2,014	—	—	—
142	Sierra Leone	28.9%	2,021	19.0%	8.1%	11.0%
143	Egypt	27.4%	2,021	2.9%	—	1.8%
143	DR Congo	27.4%	2,022	22.7%	15.6%	16.1%
145	Madagascar	26.3%	2,022	19.0%	12.1%	12.1%
146	Nicaragua	26.0%	2,021	6.6%	—	3.9%
147	Chad	23.7%	2,022	12.1%	6.3%	15.2%
148	Mauritania	23.5%	2,022	10.2%	1.7%	4%
149	Syria	23.3%	2,011	—	—	—
150	Pakistan	21.0%	2,021	8.5%	—	6.9%
151	Lebanon	20.7%	2,021	—	—	—
152	Iraq	18.6%	2,021	4.8%	—	4.2%
153	Sudan	15.3%	2,014	—	—	—
154	Central African Republic	13.8%	2,017	—	—	—
155	Djibouti	12.3%	2,011	—	—	—
156	Yemen	11.9%	2,022	—	—	—
157	Niger	11.7%	2,022	5.4%	—	8.7%
158	Afghanistan	9.65%	2,021	—	—	0.9%
159	Burundi	7.11%	2,014	—	—	—
160	South Sudan	5.83%	2,021	0.9%	—	—

What correlates with Banking Participants?

Pearson r against 1,515 other country metrics sharing at least 96 countries, 2 near-identical series hidden. Ranks are read by standing: a better rank counts as higher, whether rank 1 is the best place on a list or the worst. Correlation is not causation.

Higher together

Places that have a higher Banking Participants tend to score higher on these (or rank better)

Females 15+Banked Population by Country
r = +0.99 · very strong · n = 120
Plot
Males 15+Banked Population by Country
r = +0.99 · very strong · n = 120
Plot
Total 15-24Banked Population by Country
r = +0.97 · very strong · n = 120
Plot
Financial Inclusion 2011 to 2014Most Dangerous Countries for Women
r = +0.91 · very strong · n = 152
Plot
Foundations & WellbeingSocial Progress Index by Country
r = +0.86 · very strong · n = 154
Plot
LP EducationLegatum Prosperity IndexA rank: rank 1 is the best
r = −0.85 · very strong · n = 156
Plot

Opposite directions

Places that have a higher Banking Participants tend to score lower on these (or rank worse)

6+ Member HouseholdNumber of Households by Country
r = −0.82 · very strong · n = 150
Plot
Vulnerability ScoreGlobal Slavery Index by Country
r = −0.81 · very strong · n = 150
Plot
Vulnerability Score (lower is better)Countries that Still Have Slavery
r = −0.81 · very strong · n = 150
Plot
Gender Inequality Index ScoreGender Inequality Index by Country
r = −0.80 · very strong · n = 151
Plot
Average Household SizeNumber of Households by Country
r = −0.79 · very strong · n = 150
Plot
Individuals Making Under $10kWealth Inequality by Country
r = −0.79 · very strong · n = 147
Plot

Quick answers

Which country has the highest Banking Participants?: Denmark has the highest Banking Participants, at 100.0%, followed by Iceland (100.0%) and Germany (100.0%).
Which country has the lowest Banking Participants?: South Sudan has the lowest Banking Participants, at 5.83%.
What is the median Banking Participants across countries?: The median is 66.0% across the 160 countries with data.
Where does this mobile banking usage by country data come from?: Rankodex compiles it from World Population Review and the primary sources it cites: Mobile money account (% age 15+) - World Bank; Account ownership at a financial institution or with a mobile-money-service provider (% of population ages 15+) - World Bank.