Unearthing antecedents to financial inclusion through FinTech innovations

Senyo, Prince Kwame; Osabutey, Ellis L.C.

doi:10.1016/j.technovation.2020.102155

Cited by 231 publications

(194 citation statements)

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“…Additionally, in recent years, financial inclusion gained potential due to new Information and Communications Technologies (ICTs), such as 'FinTech' solutions and 'mobile money'. With new technologies and the promotion of FinTech solutions, poor people previously excluded from the financial system may have access to financial services (Senyo & Osabutey, 2020 ). As pointed out by N'Dri & Kakinaka ( 2020 ), the use of mobile technologies enhances the positive effects of financial inclusion.…”

Section: Financial Inclusion and Its Impact On Poverty And Inequalitymentioning

confidence: 99%

Does Financial Inclusion Diminish Poverty and Inequality? A Panel Data Analysis for Latin American Countries

et al. 2021

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Despite great developmental efforts in recent decades, Latin America still presents high levels of poverty and inequality when compared to developed nations. As explored widely in the literature, one potential instrument to diminish these issues is financial inclusion, including the access and usage of financial services by all people. Specifically, this paper verifies if financial inclusion and technology adoption decrease the poverty headcount ratio and the Gini index (i.e., inequality) of 13 Latin America countries (Argentina, Bolivia, Brazil, Colombia, Costa Rica, Dominican Republic, Ecuador, El Salvador, Honduras, Panama, Paraguay, Peru, and Uruguay). To perform such analysis, an unbalanced panel dataset was built, and the Feasible Generalized Least Squares (FGLS) and the Limited Information Maximum Likelihood (LIML) techniques were employed. The results suggest that, in accordance with previous studies, financial inclusion is a powerful tool to tackle poverty and inequality. Additionally, the combined effects of financial inclusions and technology (i.e., mobile use) are also capable of decreasing the poverty and inequality levels. We discuss the policy implications of our findings and suggest a future research agenda.

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Section: Financial Inclusion and Its Impact On Poverty And Inequalitymentioning

confidence: 99%

Does Financial Inclusion Diminish Poverty and Inequality? A Panel Data Analysis for Latin American Countries

et al. 2021

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“…They concluded that although digital services have eased and bridged the gap of physical access to nancial services, such services have not been utilized due to lack of basic connectivity, nancial literacy and social awareness. Senyo & Osabutey (2020) studied accessibility of nancial services through Fintech innovations for many unbanked in the world. They identi ed ntech innovations as game changers in deepening nancial inclusion, and also found that it is widely accepted but still usage remains limited.…”

Section: Literature Reviewmentioning

confidence: 99%

Determinants of digital financial inclusion in India: Evidence from the World Bank’s global findex database

Nandru

Madhavaiah

Velayutham

2021

Preprint

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The current study explores the determinants of digital financial inclusion (DFI) in India and also examines the influence of demographic characteristics on the accessibility and usage of digital financial inclusion. The data for this study was collected from the World Bank Global Financial Inclusion (Global Findex) database to find the determinants of digital financial inclusion from India's perspective. The study measured the accessibility and usage of digital financial inclusion in relation to selected demographic characteristics such as gender, age, income, education and employment status. The findings of the study revealed that individual’s socio-demographic factors such as gender, age, education, income and employment status have found a significant influence on the accessibility of digital financial inclusion. In addition, these factors have significant effect on usage of digital mode of financial transactions such as payments made and receipts through mobile phone or using the internet. The study provides valuable insights to the policymakers and service providers to improve the status of digital financial inclusion.

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“…However, these authors did not analyse perceptions of actual use. Since the intention of use is not reflected in users' behaviour [64], further work is needed in this line of research to determine the real impact of digital technology on financial inclusion and on the socioeconomic development [65].…”

Section: Introductionmentioning

confidence: 99%

Research Advances on Financial Inclusion: A Bibliometric Analysis

et al. 2021

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With intensifying competition in the financial system, new strategic applications are constantly being devised in the search for greater efficiency. In consequence, decisions are commonly based on locating and retaining market segments with high added value, and those which fail to supply the profitability required by the market are “excluded”. The aim of this study is to analyse the research advances made in the field of financial inclusion and the main lines of investigation currently being addressed by means of a bibliometric analysis. Among the scientific community, there is growing interest in this study area. The most assiduous in this respect are SA Asongu (the most productive author), Enterprise Development and Microfinance (the journal that has published the most articles in this field), Makerere University, Uganda (the most productive institution) and India (the country where most recent studies have taken place). Foreseeably inspiring future research, there is currently great interest in developing a more accessible financial system, especially through the use of digital money (Fintech) as an instrument to promote financial inclusion. For all this, a line of research is proposed that also includes the proposals from the 2030 Agenda for Sustainable Development and its 17 Sustainable Development Goals.

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Unearthing antecedents to financial inclusion through FinTech innovations

Cited by 231 publications

References 50 publications

Does Financial Inclusion Diminish Poverty and Inequality? A Panel Data Analysis for Latin American Countries

Does Financial Inclusion Diminish Poverty and Inequality? A Panel Data Analysis for Latin American Countries

Determinants of digital financial inclusion in India: Evidence from the World Bank’s global findex database

Research Advances on Financial Inclusion: A Bibliometric Analysis

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