Digital Financial Inclusion

Ozili, Peterson K

doi:10.1108/978-1-80262-605-620221015

Cited by 21 publications

(19 citation statements)

References 16 publications

(12 reference statements)

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“…Furthermore, the findings suggest that interest in cryptocurrency information significantly increases interest in information on the eNaira. This means that those who are interested in learning about cryptocurrencies are also interested in learning about the eNaira, showing that Nigerians were generally interested in learning about financial technology overall [47] Through the neoliberal perspective, the adoption of bitcoin in these countries goes in line with the statement from Henry (2010) stating those in possession of their own resources, free to decide what is best for themselves and to use their own initiative, intelligence, and cunning to further those interests. The people that experience inflation in the countries including Nigeria, took matters into their own hands where they can feel secure about their situation and condition.…”

Section: Nigeria Experiences With Bitcoinmentioning

confidence: 84%

The power of Bitcoin to attract investment in Underdeveloped Countries: A neoliberal perspective of Nigeria

Affandi,

Rifkila

2023

E3S Web Conf.

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The era of digital money was introduced years ago and is rising over the last few years. This is implemented by the fast-growing globalization process that spreads new technologies all over the world. Even in underdeveloped African nations such as Nigeria, this article examines the emergence of digital currencies such as Bitcoin. The ways that payments are made have changed significantly on a worldwide scale. This article suggests that the development of digital currencies, and Bitcoin in particular, is part of the process of instituting globalization through digital technologies. This article analyzes the phenomenon of Bitcoin in Nigeria from a neoliberal perspective, where globalization serves as a catalyst for the liberalization process. This article employs methods based on qualitative research. We use qualitative data obtained from previous studies, literature, and news source that is searched through google. According to this article, Bitcoin usage in Nigeria has increased due to increased investment. Nigeria that undergoes an economic crisis adopt Bitcoin in hopes for a better economic situation which resulted in the government accepting neoliberalism system. This article focuses on how underdeveloped nations use Bitcoin in international commerce to attract investment. Bitcoin has aided people in investing and improving their standard of living which is consistent with the neoliberal viewpoint; those who have control over their resources and act int their best interests will prevail.

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Section: Nigeria Experiences With Bitcoinmentioning

confidence: 84%

The power of Bitcoin to attract investment in Underdeveloped Countries: A neoliberal perspective of Nigeria

Affandi,

Rifkila

2023

E3S Web Conf.

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“…The relationship between FinTech and financial inclusion is described as positive by various authors (Ozili, 2022c(Ozili, , 2022d(Ozili, , 2018Morgan, 2021, Arner et al, 2020Beck, 2020). Technological development has made great strides in recent years, particularly in the area of electronic payments (BIS, 2020).…”

Section: Fintechmentioning

confidence: 99%

Moving Beyond Silo Thinking: A Deductive Analysis of Financial Literacy, Financial Inclusion, FinTech, and the UN Sustainable Development Goals

Treu

2023

IJEF

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Financial literacy, financial inclusion, FinTech, and the UN Sustainable Development Goals (SDGs) have thus far been scrutinized only in pairs or separately, without considering their interdependencies and impacts. This lack of examination calls for a deductive argumentative approach to comprehensively analyze all four aspects coherently. The objective is to establish a holistic framework for attaining the SDGs through financial literacy, financial inclusion, and FinTech. The argumentation reveals the existence of intricate theoretical and empirical links between all four objects of investigation. Previous silo thinking or bilateral approaches fall short of fully understanding the comprehensive effects. This paper adopts a holistic perspective, with financial literacy serving as the starting point, as it is indispensable for establishing a positive correlation between financial inclusion, FinTech, and the SDGs. Therefore, financial literacy fosters the adoption and utilization of FinTech, contributes to financial inclusion, and facilitates the achievement of the SDGs. The holistic framework can also guide policymakers in formulating recommendations. Decision-makers should adopt a comprehensive outlook encompassing all four points and prioritize the promotion and expansion of financial education.

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“…Despite the importance of LLPs, there is limited knowledge about the effect of digital financial innovations on bank loan loss provisions. Digital financial innovations are disrupting the banking sector in remarkable ways (Thakor, 2020;Ozili, 2022b). But scholars and researchers have not examined whether emerging digital financial innovations may affect bank LLP.…”

Section: Introductionmentioning

confidence: 99%

Impact of Central Bank Digital Currency (CBDC) Activity on Bank Loan Loss Provisions

Ozili,

Obiora

2024

The Impact of AI Innovation on Financial Sectors in the Era of Industry 5.0

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This article explores the potential effect of central bank digital currency activity on bank loan loss provisions. The authors show that the effect of CBDC activity on bank loan loss provisions depends on the nature of CBDC activity and whether CBDC activity is regulated or non-regulated. As more people use CBDCs, it could lead to shortfall in bank deposits and increase funding risk and liquidity risk and generate a pass-through to credit risk which would require banks to increase loan loss provisions in anticipation of loan loss arising from CBDC activity. CBDC regulation may dampen this effect.

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Digital Financial Inclusion

Cited by 21 publications

References 16 publications

The power of Bitcoin to attract investment in Underdeveloped Countries: A neoliberal perspective of Nigeria

The power of Bitcoin to attract investment in Underdeveloped Countries: A neoliberal perspective of Nigeria

Moving Beyond Silo Thinking: A Deductive Analysis of Financial Literacy, Financial Inclusion, FinTech, and the UN Sustainable Development Goals

Impact of Central Bank Digital Currency (CBDC) Activity on Bank Loan Loss Provisions

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