54 Micro-finance For The Unbanked Asia has the highest percentage of unbanked population in the world(21%inChina,47%inIndiaand64%inIndonesia). This is due to a number of factors: 01 Banks are difficult to access for people living in remote areas 02 Remittance and money transfer is not cost effective CH whentransferring small amounts TE N I F F 03 Financial institutions have not historically focused on O smallbusinessesleavingafundinggapinthemarket TE TA S E TH The Future of FinTech in Asia Pacific: Financial Inclusion 54