Do mobile phones, economic growth, bank competition and stability matter for financial inclusion in Africa?

Chinoda, Tough; Kwenda, Farai

doi:10.1080/23322039.2019.1622180

Cited by 51 publications

(38 citation statements)

References 32 publications

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“…Another school of thought believe that financial innovation and technology can increase financial inclusion because it can by-pass existing structural and infrastructural barriers to reach the poor (see Ouma et al, 2017;Al-Mudimigh and Anshari, 2020;Beck et al, 2014;Chinoda and Kwenda, 2019). Financial innovation is the process of creating new financial instruments, technologies, products and services to improve the delivery of financial services.…”

Section: Achieving Financial Inclusion Through Financial Innovation Amentioning

confidence: 99%

“…Financial innovation is the process of creating new financial instruments, technologies, products and services to improve the delivery of financial services. In a recent study, Ouma et al (2017) show that financial innovations like the availability and usage of mobile phones were used to offer financial services that promote savings at the household level and improved the amounts saved, while Chinoda and Kwenda (2019) show that mobile phone innovation improved financial inclusion in 49 countries. In Southeast Asia, Al-Mudimigh and Anshari (2020) observe that the region had a large number of internet users and a high number of Fintech companies which helped to improve the level of financial inclusion especially for the unbanked population.…”

Section: Achieving Financial Inclusion Through Financial Innovation Amentioning

confidence: 99%

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Financial inclusion research around the world: A review

Ozili¹

2020

Forum for Social Economics

237

133

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This paper provides a comprehensive review of the recent evidence on financial inclusion from all regions of the World. It identifies the emerging themes in the financial inclusion literature as well as some controversy in policy circles regarding financial inclusion. In particular, I draw attention to some issues such as optimal financial inclusion, extreme financial inclusion, how financial inclusion can transmit systemic risk to the formal financial sector, and whether financial inclusion and exclusion are pro-cyclical with changes in the economic cycle. The key findings in this review indicate that financial inclusion affects, and is influenced by, the level of financial innovation, poverty levels, the stability of the financial sector, the state of the economy, financial literacy, and regulatory frameworks which differ across countries. Finally, the issues discussed in this paper opens up several avenues for future research

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Section: Achieving Financial Inclusion Through Financial Innovation Amentioning

confidence: 99%

Section: Achieving Financial Inclusion Through Financial Innovation Amentioning

confidence: 99%

Financial inclusion research around the world: A review

Ozili¹

2020

Forum for Social Economics

237

133

View full text Add to dashboard Cite

show abstract

“…The characteristics of banking systems should have a direct effect on the progress of financial inclusion. Studies prove that competition within the banking industry has a significantly positive effect on financial inclusion (Chinoda and Kwenda 2019b). Also, the banking industry concentration was significantly associated with access to banking accounts and credit (Owen and Pereira 2018).…”

Section: Connection Between the Banking System And Financial Inclusionmentioning

confidence: 97%

Financial inclusion in China: an overview

Chen

Yuan

2021

Front. Bus. Res. China

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Financial inclusion has become an important development strategy in many countries, and related research is increasing. Financial inclusion in China has had significant progress recently. It has gradually formed a unique and sustainable development path with supporting policies and regulations as well as rapid development and application of digital technology. While challenges remain, the experience of Chinese financial inclusion provides valuable lessons and research directions for policymakers and researchers.

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“…Reviewing prior researches, we have noticed that most studies have focused mainly on developing countries from Africa and Asia (Andrianaivo & Kpodar, 2012;Scott, 2014;Lapukeni, 2015;Seng, 2017;Lenka & Barik, 2018;Bongomin et al, 2018;Chinoda & Kwenda, 2019) and results clearly indicate that development of mobile phones and Internet use contributes to greater financial inclusion. There are no studies related to this subject in post-communist EU countries, therefore, to fill the gap and to contribute to the existing literature we will investigate this impact.…”

Section: Literature Reviewmentioning

confidence: 98%

“…Different studies indicate that the expansion of mobile phones and Internet use have the potential to promote financial inclusion (Andrianaivo & Kpodar, 2012;Chatterjee & Anand, 2017;Seng, 2017;Bongomin et al, 2018;Lenka & Barik, 2018, Chinoda & Kwenda, 2019 which in turn will drive to the financial sector development (Rasheed et al, 2016;Anarfo et al, 2019).…”

Section: Literature Reviewmentioning

confidence: 99%

Impact of Mobile Phones and Internet Use on Financial Inclusion: Empirical Evidence From the Eu Post-Communist Countries

Bayar

Gavriletea

Păun

2021

Technological and Economic Development of Economy

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Poverty alleviation has become one of the biggest challenges for many countries and access to financial services is considered to be a key driver of development and economic growth. Finding solutions that can break down barriers that poor people are facing to access formal financial services has become a major concern for researchers, governments, financial institutions. Financial services must reinvent themselves and the adoption of new technology is a crucial key to overhaul their operations and to find innovative solutions to manage customer expectations. The escalation in access and penetration level of mobile phones and the Internet can improve financial inclusion by facilitating easy access to financial services, by providing secure transaction platforms, by reducing transaction costs, by providing a competitive business framework. There has been relatively limited research on the impact of Internet and mobile phones use on financial inclusion, therefore our main purpose was to investigate this linkage in a sample of 11 post-communist countries of the European Union from 1996–2017 using panel cointegration and causality analyses. Firstly, we investigated whether mobile cellular phone subscriptions and the rate of Internet usage affect financial institutions’ access; secondly, we analysed the impact of these variables on financial market access. Results indicate that mobile cellular phone subscriptions positively affect both financial institution access in countries like Hungary, Latvia, Lithuania, Poland, and Slovenia and financial market access in Bulgaria, Croatia, and Hungary. Also, a negative relationship between mobile cellular phone subscriptions and financial institution access was noticed in the Czech Republic and regarding financial market access in the Czech Republic and Poland. Our findings also indicate both positive and negative relationships between Internet usage rates and financial institutions and financial markets access. By increasing Internet usage we can improve access to financial institutions in Bulgaria, Croatia, Czech Republic, Hungary, and Poland and we can increase financial markets access in Latvia and Slovenia.

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Do mobile phones, economic growth, bank competition and stability matter for financial inclusion in Africa?

Cited by 51 publications

References 32 publications

Financial inclusion research around the world: A review

Financial inclusion research around the world: A review

Financial inclusion in China: an overview

Impact of Mobile Phones and Internet Use on Financial Inclusion: Empirical Evidence From the Eu Post-Communist Countries

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