  2.5 billion adults, just over half of world’s adult population, do not use formal financial services to save or borrow.   2.2 billion of these unserved adults live in Africa, Asia, Latin America, and the Middle East.
First, firms operating in less-competitive environments innovate less; we need the dynamism from firm entry and the contestability of markets to raise the trend line on growth as much as possible.19 Second, the biggest firms may well return to monopoly pricing in the long run. These consequences get in the way of stronger, more-inclusive growth.