Cost Benefit And Usage Behavior Analysis Of Ict In Financial Inclusion

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Cost Benefit and Usage Behavior Analysis of ICT in Financial Inclusion

Author : Suvankar Mishra
Publisher :
ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (137 download)

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Book Synopsis Cost Benefit and Usage Behavior Analysis of ICT in Financial Inclusion by : Suvankar Mishra

Download or read book Cost Benefit and Usage Behavior Analysis of ICT in Financial Inclusion written by Suvankar Mishra and published by . This book was released on 2014 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: The road map to Financial Inclusion has seen considerable promotions of technological and institutional innovations, to achieve financial access and remove pilferages. Digital technology, today, is pervasive. Everything, from governance to education to health rides on modern digital technology. Without that, delivery of services is very difficult. Illustrious of the rich technology penetration, India today has more mobile phone subscribers (720 million) than bank account holders (50 percent of India's population). Enrollment of the Unique Identification Number (UID) and linking the UID to the beneficiary's bank account number is considered as a highlight, to ease the process of identification and reduce leakages. Several technology solutions such as mobile banking, card and mobile technology etc. have been enabled, yet the end-user still remains disillusioned as the real benefits need to be accrued. Innovation in ICT has created a mechanism to create a cashless eco-system, that has provided the citizens, a reason to change, but the moot point is, access to such technology remains restricted to a specific segment in the society. Adaptability determines the usage behavior and the readiness to accept the paradigm shift into a cashless eco-system dynamically. Increasingly sophisticated customer segmentation technology, with more accurate targeting of sections of the market has led to restricted access to financial services by some groups. A sizable majority of the population continues to remain excluded despite opportunities created by ICT. What will facilitate the rural, unbanked segment to actively use the transactional eco-system? Today, technology for financial institutions and service providers involves wide allocation of Smart Cards, which store customer data and information. A magstripe card easily costs Rs.30-40 and stores data in an offline mode, causing untimely reconciliation and settlement with the bank. High costs involved in implementing smart card technology, offline transactions, no visibility on the agent's float and opportunity costs lost in reconciliation, tracking, and settlement makes it unviable for the banks on the long run. The eco-system becomes obsolete by affecting the commission to the agents and the roll-out of services to the customer. A widely deployed infrastructure (BC), low-cost technology channel (multi-centric online transactional platform), and the end-user's accessibility to safe and convenient electronic payment system (mobile money), creates a viable solution. The electronic payment system is a 'transactional rail', on which a broader spectrum of financial services can ride. Rolling out need based products and services and ensuring continuous usage among users creates a habit. This habit is leveraged to disburse other products, thereby increasing usage and creating multitude of changes in the eco-system. A Matrix of Alternatives provides a holistic channel to move from cash based eco-system to a cashless system. The recommended strategy is to provide a platform that transcends through a tele-channel (GSM/GPRS/Internet), authenticating the end-user through a PIN/Fingerprint/Voice (IVR), thereby enabling the user to transact at the nearest agent/kiosk. The point is to make the user agnostic to the presence of any entity (Agent/Kiosk) and provide a user-friendly interface to use. Simplicity and Proximity are the cornerstones to successful implementation of ICT in Financial Inclusion. Today, a customer is required to go to a physical point to transact using an application in a mobile phone or a PoS terminal. Tomorrow, the same customer can transact using a simple application in the mobile phone, by sitting at home. The paper elucidates, how cost-benefit, in transactions and as commissions to the agent will increase the value of an electronic payment system as well as leverage the usage-behavior to aggressively attract the customers and create trust. Information brings about openness, accessibility, democratization, decentralization, and as a result total transformation. ICT catalyzes transformation and bridges the long haul in providing financial access. It does not require reinventing the wheel, but leveraging the existing channel to route the services.

The Global Findex Database 2017

Author : Asli Demirguc-Kunt
Publisher : World Bank Publications
ISBN 13 : 1464812683
Total Pages : 228 pages
Book Rating : 4.4/5 (648 download)

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Book Synopsis The Global Findex Database 2017 by : Asli Demirguc-Kunt

Download or read book The Global Findex Database 2017 written by Asli Demirguc-Kunt and published by World Bank Publications. This book was released on 2018-04-19 with total page 228 pages. Available in PDF, EPUB and Kindle. Book excerpt: In 2011 the World Bank—with funding from the Bill and Melinda Gates Foundation—launched the Global Findex database, the world's most comprehensive data set on how adults save, borrow, make payments, and manage risk. Drawing on survey data collected in collaboration with Gallup, Inc., the Global Findex database covers more than 140 economies around the world. The initial survey round was followed by a second one in 2014 and by a third in 2017. Compiled using nationally representative surveys of more than 150,000 adults age 15 and above in over 140 economies, The Global Findex Database 2017: Measuring Financial Inclusion and the Fintech Revolution includes updated indicators on access to and use of formal and informal financial services. It has additional data on the use of financial technology (or fintech), including the use of mobile phones and the Internet to conduct financial transactions. The data reveal opportunities to expand access to financial services among people who do not have an account—the unbanked—as well as to promote greater use of digital financial services among those who do have an account. The Global Findex database has become a mainstay of global efforts to promote financial inclusion. In addition to being widely cited by scholars and development practitioners, Global Findex data are used to track progress toward the World Bank goal of Universal Financial Access by 2020 and the United Nations Sustainable Development Goals. The database, the full text of the report, and the underlying country-level data for all figures—along with the questionnaire, the survey methodology, and other relevant materials—are available at www.worldbank.org/globalfindex.

Inequality in Financial Inclusion and Income Inequality

Author : Goksu Aslan
Publisher : International Monetary Fund
ISBN 13 : 1484328728
Total Pages : 32 pages
Book Rating : 4.4/5 (843 download)

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Book Synopsis Inequality in Financial Inclusion and Income Inequality by : Goksu Aslan

Download or read book Inequality in Financial Inclusion and Income Inequality written by Goksu Aslan and published by International Monetary Fund. This book was released on 2017-11-07 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt: We investigate the link between gender inequality in financial inclusion and income inequality, with three contributions to the recent literature. First, using a micro-dataset covering 146,000 individuals in over 140 countries, we construct novel, synthetic indices of the intensity of financial inclusion at the individual and country level. Second, we derive the distribution of individual financial access “scores” across countries to document a “Kuznets”-curve in financial inclusion. Third, cross-country regressions confirm that our measure of inequality in financial access is significantly related to income inequality, above and beyond other factors previously highlighted in the literature.

Cost-Benefit Analysis for Development

Author : Asian Development Bank
Publisher : Asian Development Bank
ISBN 13 : 9290929588
Total Pages : 385 pages
Book Rating : 4.2/5 (99 download)

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Book Synopsis Cost-Benefit Analysis for Development by : Asian Development Bank

Download or read book Cost-Benefit Analysis for Development written by Asian Development Bank and published by Asian Development Bank. This book was released on 2013-01-01 with total page 385 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Asian Development Bank (ADB) has been continuously undertaking measures to enhance the effectiveness of its operations. To improve projects both at the preparation and implementation stages, ADB issued the Guidelines for Economic Analysis of Projects in 1997 as a means to enhancing project quality at entry. The conduct of proper economic analysis helps ensure the efficient use of development funds and public resources and thereby increase aid effectiveness. This practical guide is a supplement to the Guidelines for the Economic Analysis of Projects. It provides an overview of recent methodological developments in cost-benefit analysis as well as suggested improvements in the economic analysis of projects in selected sectors through case studies. These case studies illustrate the application of suggested methodologies, taking into account sector-specific needs, as well as difficulties faced by practitioners in terms of data and time constraints during project processing. It also aims to contribute to ADB’s capacity building initiatives as this will be the main reference material for conduct of economic analysis.

Financial Inclusion in Emerging Markets

Author : Ananda S.
Publisher : Springer Nature
ISBN 13 : 9811626529
Total Pages : 343 pages
Book Rating : 4.8/5 (116 download)

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Book Synopsis Financial Inclusion in Emerging Markets by : Ananda S.

Download or read book Financial Inclusion in Emerging Markets written by Ananda S. and published by Springer Nature. This book was released on 2021-10-04 with total page 343 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book discusses ideas for stakeholders to develop strategies to access and use financial products and services such as deposits, loans, and fund transfer mechanism, insurance, payment services, and intermediaries, distribution channels at economical prices in order to cater to the needs of the poor and underprivileged people. Financial inclusion ensures ease of access, availability, and usage of the financial products and services to all the sections of the society. The book will help in recognizing the role of financial inclusion as one of the main drivers in reducing income inequality and thus supporting sustainable economic growth of the countries, especially of an emerging economy. The book provides conceptual and practical ideas from the practitioners, best practices from the experts, and empirical views from the researchers on the best practices and how to mitigate the challenges and issues plaguing the development of the financial inclusion.

Fintech

Author : International Monetary Fund
Publisher : International Monetary Fund
ISBN 13 : 1498321860
Total Pages : 73 pages
Book Rating : 4.4/5 (983 download)

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Book Synopsis Fintech by : International Monetary Fund

Download or read book Fintech written by International Monetary Fund and published by International Monetary Fund. This book was released on 2019-06-27 with total page 73 pages. Available in PDF, EPUB and Kindle. Book excerpt: The paper finds that while there are important regional and national differences, countries are broadly embracing the opportunities of fintech to boost economic growth and inclusion, while balancing risks to stability and integrity.

The World Bank Research Observer

Author :
Publisher :
ISBN 13 :
Total Pages : 300 pages
Book Rating : 4.:/5 (319 download)

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Book Synopsis The World Bank Research Observer by :

Download or read book The World Bank Research Observer written by and published by . This book was released on 2003 with total page 300 pages. Available in PDF, EPUB and Kindle. Book excerpt:

FinTech in Sub-Saharan African Countries

Author : Mr.Amadou N Sy
Publisher : International Monetary Fund
ISBN 13 : 1484385667
Total Pages : 61 pages
Book Rating : 4.4/5 (843 download)

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Book Synopsis FinTech in Sub-Saharan African Countries by : Mr.Amadou N Sy

Download or read book FinTech in Sub-Saharan African Countries written by Mr.Amadou N Sy and published by International Monetary Fund. This book was released on 2019-02-14 with total page 61 pages. Available in PDF, EPUB and Kindle. Book excerpt: FinTech is a major force shaping the structure of the financial industry in sub-Saharan Africa. New technologies are being developed and implemented in sub-Saharan Africa with the potential to change the competitive landscape in the financial industry. While it raises concerns on the emergence of vulnerabilities, FinTech challenges traditional structures and creates efficiency gains by opening up the financial services value chain. Today, FinTech is emerging as a technological enabler in the region, improving financial inclusion and serving as a catalyst for the emergence of innovations in other sectors, such as agriculture and infrastructure.

The Econometrics of Panel Data

Author : Lászlo Mátyás
Publisher : Springer Science & Business Media
ISBN 13 : 3540758925
Total Pages : 966 pages
Book Rating : 4.5/5 (47 download)

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Book Synopsis The Econometrics of Panel Data by : Lászlo Mátyás

Download or read book The Econometrics of Panel Data written by Lászlo Mátyás and published by Springer Science & Business Media. This book was released on 2008-04-06 with total page 966 pages. Available in PDF, EPUB and Kindle. Book excerpt: This restructured, updated Third Edition provides a general overview of the econometrics of panel data, from both theoretical and applied viewpoints. Readers discover how econometric tools are used to study organizational and household behaviors as well as other macroeconomic phenomena such as economic growth. The book contains sixteen entirely new chapters; all other chapters have been revised to account for recent developments. With contributions from well known specialists in the field, this handbook is a standard reference for all those involved in the use of panel data in econometrics.

Information Technology for Development, Volume 13, Number 2

Author : Sajda Qureshi
Publisher : Wiley
ISBN 13 : 9780470183168
Total Pages : 0 pages
Book Rating : 4.1/5 (831 download)

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Book Synopsis Information Technology for Development, Volume 13, Number 2 by : Sajda Qureshi

Download or read book Information Technology for Development, Volume 13, Number 2 written by Sajda Qureshi and published by Wiley. This book was released on 2007-05-04 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: A journal examining the impact of global IT from a publisher of quality research Information Technology for Development is a journal that specifically addresses global information technology issues and opportunities. It's dedicated to providing quality research, including social and technical research regarding information technology's effects on economic, social and human development. This journal's purpose includes serving as a forum for discussions about strategies, best practices, tools and techniques for assessing the impact of IT infrastructure, whether it's in government or the private sector. This is a single issue of the journal, Volume 13, Number 2, from 2007.

World Development Report 2016

Author : World Bank Group
Publisher : World Bank Publications
ISBN 13 : 1464806721
Total Pages : 359 pages
Book Rating : 4.4/5 (648 download)

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Book Synopsis World Development Report 2016 by : World Bank Group

Download or read book World Development Report 2016 written by World Bank Group and published by World Bank Publications. This book was released on 2016-01-14 with total page 359 pages. Available in PDF, EPUB and Kindle. Book excerpt: Digital technologies are spreading rapidly, but digital dividends--the broader benefits of faster growth, more jobs, and better services--are not. If more than 40 percent of adults in East Africa pay their utility bills using a mobile phone, why can’t others around the world do the same? If 8 million entrepreneurs in China--one third of them women--can use an e-commerce platform to export goods to 120 countries, why can’t entrepreneurs elsewhere achieve the same global reach? And if India can provide unique digital identification to 1 billion people in five years, and thereby reduce corruption by billions of dollars, why can’t other countries replicate its success? Indeed, what’s holding back countries from realizing the profound and transformational effects that digital technologies are supposed to deliver? Two main reasons. First, nearly 60 percent of the world’s population are still offline and can’t participate in the digital economy in any meaningful way. Second, and more important, the benefits of digital technologies can be offset by growing risks. Startups can disrupt incumbents, but not when vested interests and regulatory uncertainty obstruct competition and the entry of new firms. Employment opportunities may be greater, but not when the labor market is polarized. The internet can be a platform for universal empowerment, but not when it becomes a tool for state control and elite capture. The World Development Report 2016 shows that while the digital revolution has forged ahead, its 'analog complements'--the regulations that promote entry and competition, the skills that enable workers to access and then leverage the new economy, and the institutions that are accountable to citizens--have not kept pace. And when these analog complements to digital investments are absent, the development impact can be disappointing. What, then, should countries do? They should formulate digital development strategies that are much broader than current information and communication technology (ICT) strategies. They should create a policy and institutional environment for technology that fosters the greatest benefits. In short, they need to build a strong analog foundation to deliver digital dividends to everyone, everywhere.

Information and Communication Technologies and Broad-based Development

Author : Jeremy Grace
Publisher : World Bank Publications
ISBN 13 :
Total Pages : 70 pages
Book Rating : 4.3/5 (91 download)

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Book Synopsis Information and Communication Technologies and Broad-based Development by : Jeremy Grace

Download or read book Information and Communication Technologies and Broad-based Development written by Jeremy Grace and published by World Bank Publications. This book was released on 2004 with total page 70 pages. Available in PDF, EPUB and Kindle. Book excerpt: Annotation This paper reviews some of the evidence linking telecommunications and the Internet and economic growth, the likely impact of these new ICTs on income inequality and anecdotal evidence on the role of the Internet in improving government services and governance. It's final chapter looks at methods to maximize the development impact of new ICTs.

Stay Competitive in the Digital Age: The Future of Banks

Author : MissEstelle X Liu
Publisher : International Monetary Fund
ISBN 13 : 1513570056
Total Pages : 42 pages
Book Rating : 4.5/5 (135 download)

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Book Synopsis Stay Competitive in the Digital Age: The Future of Banks by : MissEstelle X Liu

Download or read book Stay Competitive in the Digital Age: The Future of Banks written by MissEstelle X Liu and published by International Monetary Fund. This book was released on 2021-02-19 with total page 42 pages. Available in PDF, EPUB and Kindle. Book excerpt: The latest advancement in financial technology has posed unprecedented challenges for incumbent banks. This paper analyzes the implications of these challenges on bank competitveness, and explores the factors that could support digital advancement in banks. The analysis shows that the traditionally leading role of banks in advancing financial technology has diminished in recent years, and suggests that onoing efforts to catch up to the digital frontier could lead to a more concentrated banking industry, as smaller and less tech-savvy banks struggle to survive. Cross-country evidence has suggested that banks in high-income economies appear to have been the digital leaders, likely benefiting from a sound digital infrastructure, a strong legal and business environment, and healthy competition. Nonetheless, some digital leaders may fall behind in the coming years in adopting newer technologies due to entrenched consumer behavior favoring older technologies, less active fintech and bigtech companies, and weak bank balance sheets.

Global Economic Revolutions

Author :
Publisher : Springer Nature
ISBN 13 : 3031505182
Total Pages : 264 pages
Book Rating : 4.0/5 (315 download)

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Book Synopsis Global Economic Revolutions by :

Download or read book Global Economic Revolutions written by and published by Springer Nature. This book was released on with total page 264 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book constitutes the revised and selected papers of the International Conference on Global Economic Revolutions (ICGER 2023) held in Sharjah City, United Arab Emirates, during February 27-28, 2023. The 18 papers included in this book were thoroughly reviewed and selected from the 105 submissions. The papers focus on topics related to data science and data centers, machine learning, sustainable technologies for a green economy, metaverse in the healthcare education, Predictive Model Analytics using Data mining and Machine learning, blockchain adoption and acceptance, Narrow Band Internet of Things, and enhanced Bubble Sorting Visualizer.

ICT, Financial Inclusion, and Growth

Author : Mr.Kangni Kpodar
Publisher : International Monetary Fund
ISBN 13 : 1455227064
Total Pages : 47 pages
Book Rating : 4.4/5 (552 download)

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Book Synopsis ICT, Financial Inclusion, and Growth by : Mr.Kangni Kpodar

Download or read book ICT, Financial Inclusion, and Growth written by Mr.Kangni Kpodar and published by International Monetary Fund. This book was released on 2011-04-01 with total page 47 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper studies the impact of information and communication technologies (ICT), especially mobile phone rollout, on economic growth in a sample of African countries from 1988 to 2007. Further, we investigate whether financial inclusion is one of the channels through which mobile phone development influences economic growth. In estimating the impact of ICT on economic growth, we use a wide range of ICT indicators, including mobile and fixed telephone penetration rates and the cost of local calls. We address any endogeneity issues by using the System Generalized Method of Moment (GMM) estimator. Financial inclusion is captured by variables measuring access to financial services, such as the number of deposits or loans per head, compiled by Beck, Demirguc-Kunt, and Martinez Peria (2007) and the Consultative Group to Assist the Poor (CGAP, 2009). The results confirm that ICT, including mobile phone development, contribute significantly to economic growth in African countries. Part of the positive effect of mobile phone penetration on growth comes from greater financial inclusion. At the same time, the development of mobile phones consolidates the impact of financial inclusion on economic growth, especially in countries where mobile financial services take hold.

Financial Exclusion in Ireland

Author : Caroline Corr
Publisher : Combat Poverty Agency
ISBN 13 : 1905485247
Total Pages : 234 pages
Book Rating : 4.9/5 (54 download)

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Book Synopsis Financial Exclusion in Ireland by : Caroline Corr

Download or read book Financial Exclusion in Ireland written by Caroline Corr and published by Combat Poverty Agency. This book was released on 2006 with total page 234 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Bulletin of the Atomic Scientists

Author :
Publisher :
ISBN 13 :
Total Pages : 64 pages
Book Rating : 4./5 ( download)

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Book Synopsis Bulletin of the Atomic Scientists by :

Download or read book Bulletin of the Atomic Scientists written by and published by . This book was released on 1955-04 with total page 64 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Bulletin of the Atomic Scientists is the premier public resource on scientific and technological developments that impact global security. Founded by Manhattan Project Scientists, the Bulletin's iconic "Doomsday Clock" stimulates solutions for a safer world.