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mobile banking
Business / 24 weeks ago
The world's top 10 shadow economies
Despite a global decrease in informal economic activity, shadow economies still make up a significant portion of GDP in parts of Africa and South Asia. A new data from the Ernst & Young Global Shadow Economy Report 2025 reveals that Sierra Leone, Niger, and Nepal top this list, measured as a percentage of their national GDP. The global shadow economy, which comprises unreported and untaxed activities, now accounts for 11.8% of worldwide GDP, down from 17.7% in 2000.
Technology / 26 weeks ago
Top 7 countries where phones replace banks
Mobile phones have evolved far beyond their original function in today's rapidly digitising world. These devices now serve as their primary connection to financial services for millions, especially across parts of Africa and Southeast Asia. Recent visual from World Visualized reveals that Kenya tops the global list, with 72% of adults using mobile phones as a substitute for traditional banks.
