There are more than 70 million micro-, small- and medium-sized enterprises (SMEs) in Southeast Asia today that employ over 140 million people and account for 99% of all businesses in the region. Jul 22, 2020
Gallup, Inc. The data are collected in partnership with Gallup, Inc., through nationally representative surveys of more than 150,000 adults in over 140 economies. The 2017 edition includes updated indicators on access to and use of formal and informal financial services.
What Is Unbanked? "Unbanked" is an informal term for adults who do not use banks or banking institutions in any capacity. Unbanked persons generally pay for things in cash or else purchase money orders or prepaid debit cards.
SMEs are the backbone of the Asian economy. Small and medium-sized enterprises (SMEs) make up more than 96% of all Asian businesses, providing two out of three private-sector jobs on the continent. Therefore, it is vital for Asian economies' economic success that they have fully functioning support measures for SMEs.