This article highlights the effects of Digital Transformation as a General Purpose Technology and bank stability on banking inclusion and thus on financial inclusion in Sub‐Saharan African countries. We use simultaneous panel model estimates covering 36 Sub‐Saharan African countries from 2004 to 2017. The results show positive and significant effects of digital transformation as general purpose technology and bank stability on financial inclusion. The results show also that the effect of digital transformation on financial inclusion is more substantial when the banking sector is stable.

The risk of money laundering induced by information and communication technologies (ICT) in the financial sector could be controlled by adopting artificial intelligence systems and increased security investment in Sub-Saharan Africa. The establishment of a regulatory framework for controlling ICT is necessary to combat capital laundering effectively. Poverty and unemployment harm the struggle against money laundering. The fight against corruption and political stability contribute positively to policies against money laundering.

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