" The YES Economy: Giving The World Financial Identity "

The report authored by independent global advisory firm Oxford Economics, on behalf of Juvo, analyzes the potential economic impacts and associated social benefits of solving the financial identity problem and moving to a "YES" economy. 

As part of the report, Oxford Economics examines a scenario in which "Financial Identity as a Service" (FiDaaS) is leveraged by mobile network operators (MNO) globally to unlock financial services for the world's underbanked adults.

Juvo Mobile Inc. 2019

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This is the equivalent of bringing the productive potential of a country the size of Vietnam - a country of 95 million people - into the formal global economy. 

According to the report, establishing financial identities for the world’s underbanked population could:

A 1.4% increase in formal global household financial deposits, and a much larger uplift in Sub-Saharan Africa, Latin America, the Caribbean, and South and Southeast Asia.

Including life insurance, pensions insurance, and health insurance. This 2% global increase could have profound social effects, improving the quality of life and wellbeing of families all over the world.

Create an uplift of 236 million new insurance policies

Lead to a USD $512 billion uplift in global household savings

Add an extra USD $250 billion to global GDP

Download the full report to learn more about the potential of "the YES Economy"