Demand Side Mobile Money Drivers Of Financial Inclusion

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Demand-side Mobile Money Drivers of Financial Inclusion

Author : Simplice Asongu
Publisher :
ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (134 download)

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Book Synopsis Demand-side Mobile Money Drivers of Financial Inclusion by : Simplice Asongu

Download or read book Demand-side Mobile Money Drivers of Financial Inclusion written by Simplice Asongu and published by . This book was released on 2022 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This study provides minimum economic growth (or GDP growth) critical masses or thresholds that should be exceeded in order for demand-side mobile money factors to favorably drive mobile money innovations for financial inclusion in developing countries. The considered mobile money innovations are: mobile money accounts, the mobile phone used to send money and the mobile phone used to receive money. The empirical evidence is based on Tobit regressions. For positive net relationships that are established, an extended analysis is engaged to provide minimum GDP growth levels required to sustain the positive net nexuses. From this extended analysis, in order for economic growth to modulate demandside mobile money drivers to favorably influence mobile money innovations, minimum GDP growth rates are: (i) 3.875% for the nexus between bank accounts and the mobile phone used to send money; (ii) 3.769 % for the relationship between automated teller machine (ATM) penetration and the mobile used to send money and (iii) 3.666% for the nexus between ATM penetration and the mobile phone used to receive money.

Is Digital Financial Inclusion Unlocking Growth?

Author : Purva Khera
Publisher : International Monetary Fund
ISBN 13 : 1513584669
Total Pages : 30 pages
Book Rating : 4.5/5 (135 download)

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Book Synopsis Is Digital Financial Inclusion Unlocking Growth? by : Purva Khera

Download or read book Is Digital Financial Inclusion Unlocking Growth? written by Purva Khera and published by International Monetary Fund. This book was released on 2021-06-11 with total page 30 pages. Available in PDF, EPUB and Kindle. Book excerpt: Digital financial services have been a key driver of financial inclusion in recent years. While there is evidence that financial inclusion through traditional services has a positive impact on economic growth, do the same results carry over for digital financial inclusion? What drives digital financial inclusion? Why does it advance more in some countries but not in others? Using new indices of financial inclusion developed in Khera et. al. (2021), this paper addresses these questions for 52 developing countries. Using cross-sectional instrument variable procedure, we find that the exogenous component of digital financial inclusion is positively associated with growth in GDP per capita during 2011-2018, which suggests that digital financial inclusion can accelerate economic growth. Fractional logit and random effects empirical estimation identifies access to infrastructure, financial and digital literacy, and quality of institutions as key drivers of digital financial inclusion. These findings are then used to help inform policy recommendations in areas related to the digitization of financial services to promote financial inclusion.

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:

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.

Drivers of Financial Access: the Role of Macroprudential Policies

Author : Corinne Deléchat
Publisher : International Monetary Fund
ISBN 13 : 1513545671
Total Pages : 41 pages
Book Rating : 4.5/5 (135 download)

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Book Synopsis Drivers of Financial Access: the Role of Macroprudential Policies by : Corinne Deléchat

Download or read book Drivers of Financial Access: the Role of Macroprudential Policies written by Corinne Deléchat and published by International Monetary Fund. This book was released on 2020-05-29 with total page 41 pages. Available in PDF, EPUB and Kindle. Book excerpt: This study analyzes the drivers of the use of formal vs. informal financial services in emerging and developing countries using the 2017 Global FINDEX data. In particular, we investigate whether individuals’ choice of financial services correlates with macro-financial and macro-structural policies and conditions, in addition to individual and country characteristics. We start our analysis on middle and low-income countries, and then zoom in on sub-Saharan Africa, currently the region that most relies on informal financial services, and which has the largest uptake of mobile banking. We find robust evidence of an association between macroprudential policies and individuals’ choice of financial access after controlling for personal and country-level characteristics. In particular, macroprudential policies aimed at controlling credit supply seem to be associated with greater resort to informal financial services compared with formal, bank-based access. This highlights the importance for central bankers and financial sector regulators to consider the potential spillovers of monetary policy and financial stability measures on financial inclusion.

The Promise of Fintech

Author : Ms.Ratna Sahay
Publisher : International Monetary Fund
ISBN 13 : 1513512242
Total Pages : 83 pages
Book Rating : 4.5/5 (135 download)

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Book Synopsis The Promise of Fintech by : Ms.Ratna Sahay

Download or read book The Promise of Fintech written by Ms.Ratna Sahay and published by International Monetary Fund. This book was released on 2020-07-01 with total page 83 pages. Available in PDF, EPUB and Kindle. Book excerpt: Technology is changing the landscape of the financial sector, increasing access to financial services in profound ways. These changes have been in motion for several years, affecting nearly all countries in the world. During the COVID-19 pandemic, technology has created new opportunities for digital financial services to accelerate and enhance financial inclusion, amid social distancing and containment measures. At the same time, the risks emerging prior to COVID-19, as digital financial services developed, are becoming even more relevant.

An Exploratory Study on Financial Inclusion Focusing on Demand-side Factors

Author : Pratibha Shalini
Publisher :
ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (125 download)

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Book Synopsis An Exploratory Study on Financial Inclusion Focusing on Demand-side Factors by : Pratibha Shalini

Download or read book An Exploratory Study on Financial Inclusion Focusing on Demand-side Factors written by Pratibha Shalini and published by . This book was released on 2019 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:

Money at the Margins

Author : Bill Maurer
Publisher : Berghahn Books
ISBN 13 : 1785336541
Total Pages : 334 pages
Book Rating : 4.7/5 (853 download)

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Book Synopsis Money at the Margins by : Bill Maurer

Download or read book Money at the Margins written by Bill Maurer and published by Berghahn Books. This book was released on 2018-03-28 with total page 334 pages. Available in PDF, EPUB and Kindle. Book excerpt: Mobile money, e-commerce, cash cards, retail credit cards, and more—as new monetary technologies become increasingly available, the global South has cautiously embraced these mediums as a potential solution to the issue of financial inclusion. How, if at all, do new forms of dematerialized money impact people’s everyday financial lives? In what way do technologies interact with financial repertoires and other socio-cultural institutions? How do these technologies of financial inclusion shape the global politics and geographies of difference and inequality? These questions are at the heart of Money at the Margins, a groundbreaking exploration of the uses and socio-cultural impact of new forms of money and financial services.

The Role of Financial Inclusion for Reaching Sustainable Development Goals

Author : Jungo, João
Publisher : IGI Global
ISBN 13 :
Total Pages : 346 pages
Book Rating : 4.3/5 (693 download)

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Book Synopsis The Role of Financial Inclusion for Reaching Sustainable Development Goals by : Jungo, João

Download or read book The Role of Financial Inclusion for Reaching Sustainable Development Goals written by Jungo, João and published by IGI Global. This book was released on 2024-02-12 with total page 346 pages. Available in PDF, EPUB and Kindle. Book excerpt: In today's world, financial inclusion has emerged as a critical tool for fostering inclusive economic growth and achieving sustainable development goals. The Role of Financial Inclusion for Reaching Sustainable Development Goals presents a comprehensive exploration of the subject, offering a vital resource for anyone seeking to grasp the intricacies of this dynamic and evolving field. This book assembles a collection of cutting-edge research on financial inclusion, featuring contributions from diverse contributing authors with expertise in various aspects of finance and economics. The volume is structured to examine the main trends and challenges surrounding financial inclusion, while shedding light on its implications for different economies and societies. From the determinants of financial inclusion to its effects on economic agents, financial institutions, and entire economies, each chapter delves into crucial questions, exploring both the theoretical and empirical aspects of the topic. By examining the challenges and implications of financial inclusion in an international context, this book emerges as a relevant and timely reference for policymakers, academics, and financial professionals alike. This book emphasizes the broader social and political impact of financial inclusion, discussing its correlation with issues such as gender inequality, education expenses, health expenses, access to water and sanitation, environmental inequality, and energy needs.

Impact of Mobile Payment Applications and Transfers on Business

Author : Opati, Thaisaiyi Zephania
Publisher : IGI Global
ISBN 13 : 1799824004
Total Pages : 311 pages
Book Rating : 4.7/5 (998 download)

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Book Synopsis Impact of Mobile Payment Applications and Transfers on Business by : Opati, Thaisaiyi Zephania

Download or read book Impact of Mobile Payment Applications and Transfers on Business written by Opati, Thaisaiyi Zephania and published by IGI Global. This book was released on 2019-12-20 with total page 311 pages. Available in PDF, EPUB and Kindle. Book excerpt: Consumers continue to rely heavily on their phones to complete such tasks as transferring funds between banks or accounts, depositing or withdrawing funds, paying bills, and purchasing items. Mobile money users are oftentimes more financially resilient and can protect themselves better against economic and other shocks. Moreover, mobile money can increase the velocity of money in circulation because it reduces the transactions and time costs of making retail payments. As such, understanding the impact of mobile payments is imperative for businesses and the economy. Impact of Mobile Payment Applications and Transfers on Business is a pivotal reference source that provides vital research on mobile money transfer and its impact in social, corporate, and micro- and macro-policies concerning the aggregate economy and individual households as a whole within an economy. It covers the impact, innovations, business-to-business transformations, regulatory framework, challenges, and ethical issues surrounding mobile money transfers around the world. This book is ideally designed for economists, financial analysts, business managers, leaders, scholars, practitioners, researchers, and students in fields that include management, finance, economics, commerce, and leadership.

On the Diffusion of Mobile Phone Innovations for Financial Inclusion

Author : Simplice Asongu
Publisher :
ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (119 download)

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Book Synopsis On the Diffusion of Mobile Phone Innovations for Financial Inclusion by : Simplice Asongu

Download or read book On the Diffusion of Mobile Phone Innovations for Financial Inclusion written by Simplice Asongu and published by . This book was released on 2020 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: "Replications are an important part of the research process because they allow for greater confidence in the findings" (McEwan, Carpenter & Westerman, 2018, p. 235). This study extends Lashitew, van Tulder and Liasse (2019, RP) by addressing the concern of multicollinearity that affects the signs and significance of estimated coefficients. This article investigates nexuses between innovations in mobile money and financial inclusion in developing countries. Demand and supply factors that affect the diffusion of mobile services as well as macro-level institutional and economic factors are taken on board. The empirical evidence is based on Tobit regressions. The study finds that when the empirical analysis is robust to multicollinearity, two main tendencies are apparent: the significant findings of Lashitew et al. (2019) are confirmed and many new significant estimated coefficients emerge. While this study confirms the findings of the underlying research, it also goes further to improve the harmony in narratives between the predictors and the outcome variables. Accordingly, by accounting for multicollinearity, the earlier findings are now more consistent across the set of predictors (i.e. demand and supply factors) and the attendant financial inclusion outcomes (i.e. mobile money accounts, mobile used to send money and mobile used to receive money).

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.

Financial Inclusion: What Have We Learned So Far? What Do We Have to Learn?

Author : Adolfo Barajas
Publisher :
ISBN 13 : 9781513553009
Total Pages : 51 pages
Book Rating : 4.5/5 (53 download)

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Book Synopsis Financial Inclusion: What Have We Learned So Far? What Do We Have to Learn? by : Adolfo Barajas

Download or read book Financial Inclusion: What Have We Learned So Far? What Do We Have to Learn? written by Adolfo Barajas and published by . This book was released on 2020-08-07 with total page 51 pages. Available in PDF, EPUB and Kindle. Book excerpt: The past two decades have seen a rapid increase in interest in financial inclusion, both from policymakers and researchers. This paper surveys the main findings from the literature, documenting the trends over time and gaps that have arisen across regions, income levels, and gender, among others. It points out that structural, as well as policy-related, factors, such as encouraging banking competition or channeling government payments through bank accounts, play an important role, and describes the potential macro and microeconomic benefits that can be derived from greater financial inclusion. It argues that policy should aim to identify and reduce frictions holding back financial inclusion, rather than targeting specific levels of inclusion. Finally, it suggests areas for future research.

The Routledge Handbook of Financial Literacy

Author : Gianni Nicolini
Publisher : Routledge
ISBN 13 : 1000487849
Total Pages : 560 pages
Book Rating : 4.0/5 (4 download)

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Book Synopsis The Routledge Handbook of Financial Literacy by : Gianni Nicolini

Download or read book The Routledge Handbook of Financial Literacy written by Gianni Nicolini and published by Routledge. This book was released on 2021-12-30 with total page 560 pages. Available in PDF, EPUB and Kindle. Book excerpt: Financial literacy and financial education are not new topics, even though interest in these topics among policymakers, financial authorities, and academics continues to grow. The Routledge Handbook of Financial Literacy provides a comprehensive reference work that addresses both research perspectives and practical applications to financial education. This is the first volume to summarize the milestones of research in financial literacy from multiple perspectives to offer an overview. The book is organized into six parts. The first three parts provide a conceptual framework, which discusses what financial literacy is, how it should be measured, and explains why it represents a relevant topic and effective tool in enhancing decision-making among consumers as well as consumer protection strategies. Part IV addresses the connection between financial education and financial literacy, with chapters about financial education in school settings as well as for adults. This part includes an analysis of the role of Fintech and the use of gamification in financial education. Part V is a collection of contributions that analyze financial literacy and financial education around the world, with a focus on geographical areas including the U.S., South America, Western Europe, Eastern Europe, Asia, and Africa. This part also considers how financial literacy should be addressed in the case of Islamic finance. The concluding part of the book examines how financial literacy is related to other possible approaches to consumer finance and consumer protection, addressing the relationships between financial literacy and behavioral economics, financial well-being, and financial inclusion. This volume is an indispensable reference for scholars who are new to the topic, including undergraduate and graduate students, and for experienced researchers who wish to enrich their knowledge, policymakers seeking a broader understanding and an international perspective, and practitioners who seek knowledge of best practices as well as innovative approaches.

Role of Mobile Banking in Financial Inclusion

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

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Book Synopsis Role of Mobile Banking in Financial Inclusion by : Ardhendu Shekhar Singh

Download or read book Role of Mobile Banking in Financial Inclusion written by Ardhendu Shekhar Singh and published by . This book was released on 2014 with total page 13 pages. Available in PDF, EPUB and Kindle. Book excerpt: There is increased emphasis on financial inclusion from the Government, regulators, banks, NGOs, and individuals. Proponents of development finance like Md. Yunus are going to the extent of making it as a fundamental right of an individual. But, there is demand as well as supply side constraints to it. A large section of the society is deprived of financial services like credit, loan, insurance, financial education, remittances, pension etc. So does it mean that the poor are not availing the financial services? The answer to it is no. They have got their own mechanism to do so, and they do it in multiple ways involving informal sources (Collins et al, 2009). Here, informal methods serve the purpose, but it is much more costly and has various ill effects. In this situation mobile banking seems to a feasible solution. It has got benefits for multiple stakeholders. At the macro level use of mobile banking will increase the flow of money, spread entrepreneurship, and increase Gross Domestic Product. At the same time there are limitations or dangers of mobile banking at macro level. It could lead to increased instances of money laundering and may be in criminal activities. Whereas, at micro level it will benefit the organization as well as consumers in terms of addressing constraints being faced by them.The objective of this paper is to highlight the importance of mobile banking in bringing about financial inclusion in a developing country like India. Although we will emphasize its relevance in the Indian context, it should be applicable to the poor in general residing in similar conditions elsewhere. To make it happen we propose a tripartite institutional arrangement involving one of the largest network in the country i.e. India Post.

Financial Inclusion for Poverty Alleviation

Author : Essam Yassin Mohammed
Publisher : Routledge
ISBN 13 : 1351595121
Total Pages : 260 pages
Book Rating : 4.3/5 (515 download)

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Book Synopsis Financial Inclusion for Poverty Alleviation by : Essam Yassin Mohammed

Download or read book Financial Inclusion for Poverty Alleviation written by Essam Yassin Mohammed and published by Routledge. This book was released on 2017-12-12 with total page 260 pages. Available in PDF, EPUB and Kindle. Book excerpt: More than one billion people still live below the poverty line – most of them in South Asia and Sub-Saharan Africa. Financial inclusion is a major issue, as more than three-quarters of the numbers of poor and disadvantaged women and men do not have access to financial products and services, such as bank accounts, affordable and suitable loans, and insurance. The key objective of this book is to provide practical case studies of financial inclusion, rather than focus on academic debates such as the ideological basis of promoting microfinance. Using the recently adopted Sustainable Development Goals as an overall framing of the issues, it shows how poor and disadvantaged women and men can be bankable if the right facilitation for maximizing opportunities and addressing constraints are in place. Case studies confirm that achieving inclusive and sustainable access to financial products and services goes beyond simply enabling poor and disadvantaged women and men to have access to credit, or the ability to open a bank account. Examples from Africa, Asia and Latin America demonstrate encouraging progress in making microcredit accessible to millions of poor people. The foremost challenge, however, has been to ensure that they have access to, and usage intensity of, suitable and affordable financial products and services that meet the needs of their livelihoods as well as risks and mitigation strategies. This requires understanding that poor and disadvantaged women and men do not exist in isolation from complex and interdependent functions in the financial system, which includes a number of actors, diversified services, constraints (not just symptoms) and capacities and incentives. Overall, the book provides a rich source of examples of how building inclusive financial systems can empower the world's poor – by increasing income and employment opportunities, securing livelihoods and reducing poverty.

Mobile Money and Financial Inclusion in Sub-Saharan Africa Countries

Author : Onkokame Mothobi
Publisher :
ISBN 13 :
Total Pages : 2 pages
Book Rating : 4.:/5 (13 download)

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Book Synopsis Mobile Money and Financial Inclusion in Sub-Saharan Africa Countries by : Onkokame Mothobi

Download or read book Mobile Money and Financial Inclusion in Sub-Saharan Africa Countries written by Onkokame Mothobi and published by . This book was released on 2018 with total page 2 pages. Available in PDF, EPUB and Kindle. Book excerpt: Mobile money can potentially contribute to the well-being of people at the bottom of the pyramid by providing them with the necessary platforms to access financial services. The mobile money platforms allow individuals to send, receive or save money in their mobile money wallet, services which they cannot access in the formal banking system. However, there is a shortage of evidence on the impact of these services on issues relating to financial inclusion, such as the ability to smooth consumption on the poor, making it impossible to derive evidence-based policies. Supply-side data is generally limited, as it is impossible to discern crucial estimates, such as age, gender and income, which are crucial to the development of policies. We use an After Access Survey that collects information on access and use of ICTs in seven African countries, in 2017.Our results suggest that mobile money services are more likely to be used by individuals who have no access to bank account. Supporting the notion that these services provide the poor with services that formal banks cannot offer. We find that individuals who live in households that have a relative who migrated to other places in the country are more likely to use mobile money services. Relatively wealthier and the employed individuals are more likely to transfer money to their dependents using mobile money services. At a local level, mobile money can be seen as a tool to drive financial inclusion, but it only allows users to make transactions and does not allow consumers to borrow for consumption smoothing.