Banking the Unbanked

ny investors believe that globalization and the rise of China have defined the developing world
over the last two decades. At Alger, we believe financial inclusion and the resulting rise of the
middle class may define the next 20 years. Indeed, unbanked adults are concentrated in developing countries. Bringing these people into the financial system can potentially have a profound impact on poverty reduction, entrepreneurship and economic and government efficiency. How are unbanked individuals joining the ranks of the banked?