Consumer Protection Issues for Digital Financial Services in Emerging Markets

Malady, Louise

doi:10.2139/ssrn.3028371

Cited by 27 publications

(31 citation statements)

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“…Mobile money services are expected to accelerate financial inclusion under sustainable business models [8]. However, in practice, greater use of digital finance may contribute to greater financial data inclusion rather than greater financial inclusion [9]. The practices of digital-based FI incorporate the poor into global strategies of capital accumulation, which is particularly apt to shaping financialized subjectivities [10].…”

Section: Literature Reviewmentioning

confidence: 99%

Determinants and Mechanisms of Digital Financial Inclusion Development: Based on Urban-Rural Differences

Guang

Huang

2021

Agronomy

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The combination of digital finance and financial inclusion can better meet the needs of those who have little access to financial services. This paper investigated the differences in the determinants and mechanisms of digital financial inclusion development between urban and rural areas. The sample consists of 1607 counties in China from 2014 to 2019, and uses the fixed-effect model and panel threshold technique. The empirical results indicate that: (1) The industrial economy and governmental intervention are the common determinants of urban and rural digital financial inclusion development, in which the degree is different. At the same time, secondary education is only a determinant in rural areas. (2) Industrial upgrading and indirect finance play a mediating role in the determinants of digital financial inclusion, but indirect finance is only significant for urban areas. (3) There is a threshold effect in the financial development-digital financial inclusion relationship. Under different financial development levels, the determinants of urban and rural digital financial inclusion show the discrepancy. With the development of digital financial inclusion under the trend of promoting innovative digital finance in China, these findings are expected to enhance access to financial services in urban and rural areas for more inclusive and sustainable futures.

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Section: Literature Reviewmentioning

confidence: 99%

Determinants and Mechanisms of Digital Financial Inclusion Development: Based on Urban-Rural Differences

Guang

Huang

2021

Agronomy

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“…Economists Bruhn and Love (2014) state that financial inclusion should increase "the number of poor individuals [who] have the opportunity for financial access". Studies such as Malady (2016) find that increasing the number of official bank branches does not guarantee improved financial inclusion, because most banks do not target excluded communities such as rural areas as a key objective. Furthermore, the lack of a strong ICT system makes it rather difficult to target discriminated against groups in society such as women, the poor or uneducated people.…”

Section: Benefits Of Financial Inclusion In Literaturementioning

confidence: 99%

The Determinants of Financial Inclusion in Egypt

Rashdan

Eissa

2019

IJFR

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Recently, Egypt has prioritized financial inclusion in its monetary reform agenda. The objective of this paper is to examine the determinants of financial inclusion in Egypt using the World Bank’s Global Findex 2017 database to conduct a logistic regression. Empirical results prove that there is no significant relationship between gender and the level of financial inclusion in Egypt, whereas, richer, more educated and older individuals are more strongly included in the financial system. The results reveal that the main barrier to financial inclusion is actually a lack of money; which hinders opening a formal account, savings account or credit account. Through possible policy measures, the paper recommends the need for a progressive approach to robust financial literacy and awareness in order for a positive economic growth role of financial inclusion to emerge in the Egyptian economy.

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“…It is much more expensive to develop and construct physical infrastructures for the smooth functioning of the digital transactions in the far-flung rural areas and on the other hand moving and getting settled in urban areas is a matter of least consideration and not feasible for them [26]. Thus digitalization and faster internet technologies created greater rural and urban digital divide [22,21] due to their digital incompetency and illiteracy [1,19,27,28,29] in most the developing countries including India [30,31].…”

Section: Introductionmentioning

confidence: 99%

Digital Financial Literacy and Its Determinants: An Empirical Evidences from Rural India

Azeez

Akhtar

2021

SAJSSE

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Banking and financial institutions are undergoing a dramatic transformation in this digital age. Despite the extended digital communications, a significant proportion of the people cannot transact financially especially in rural areas. Effective financial transactions could be made possible through skills, awareness, and attitudes to use digital tools and digital transactions tools. Therefore, digital financial literacy became more critical nowadays and is considered prerequisites and preliminary steps for people's inclusion in the financial system. The determinants of digital financial literacy focus on the socio-economic demographic factors and used ordinary least square, multiple regression model. This model determines how various independent variables, namely age, gender, income, religion, social groups, family size, marital status, educational level, occupation, etc., significantly influence the respondents' digital financial literacy. The analysis is based on the primary data with five hundred samples collected from the rural areas of Aligarh district.

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Consumer Protection Issues for Digital Financial Services in Emerging Markets

Cited by 27 publications

References 0 publications

Determinants and Mechanisms of Digital Financial Inclusion Development: Based on Urban-Rural Differences

Determinants and Mechanisms of Digital Financial Inclusion Development: Based on Urban-Rural Differences

The Determinants of Financial Inclusion in Egypt

Digital Financial Literacy and Its Determinants: An Empirical Evidences from Rural India

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