This paper assessed the effects of branchless banking (BB) models financialinclusion using a global sample of 155 countries. The study used the WorldBank‘s Global Financial Index Database, the G20 Financial Inclusion database,and the Global Enterprise Surveys over the period 2011-2019. The results ofthe study show that mobile money penetration across countries has significantlyincreased over time, with developing countries having almost equal penetrationof mobile money technologies as the rest of the developed world. The otherresults show that a relatively higher percentage of adults and small and mediumenterprises (SMEs) have bank accounts. However, compared to developedcountries, more adults in developing countries are unable to secure loans fromtraditional financial institutions and have a relatively lower concentration ofbank branches. Further, a larger presence of agents of financial service providers and mobile money transactions significantly increases the prospectsof having a bank account.