Detailed exploratory and statistical analysis to determine Which individuals are most likely to have or use a bank account in Africa where despite the proliferation of mobile money and the growth of innovative fintech solutions,banks still play a pivotal role in facilitating access to financial services.
# Identifying which individuals are most likely to have or use a bank account in Africa
# context of the problem:
Traditionally, access to bank accounts has been regarded as an indicator of financial inclusion.
Despite the proliferation of mobile money in Africa and the growth of innovative fintech solutions,
banks still play a pivotal role in facilitating access to financial services. Access to bank accounts
enables households to save and facilitate payments while also helping businesses build up their credit-worthiness
and improve their access to other financial services. Therefore, access to bank accounts is an essential contributor
to long-term economic growth.
#Question being answered:
Which individuals are most likely to have or use a bank account