Financial inclusion, mobile money, and individual welfare: The case of Burkina Faso

N’dri, Lasme Mathieu; Kakinaka, Makoto

doi:10.1016/j.telpol.2020.101926

Cited by 72 publications

(49 citation statements)

References 36 publications

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“…As shown in Table 3 , most combinations are negative and significant, which demonstrates that the expansion of traditional financial services coupled with the expansion of mobile subscriptions (i.e., access to technology) is a powerful tool to decrease poverty and inequality. Arguably, these results are in line with previous scholars (Demir et al, 2020 ; Mushtaq & Bruneau, 2019 ; N'Dri & Kakinaka, 2020 ) that defend the idea of digitalization and the ‘mobile money’ phenomenon as useful tools to decrease social problems. Although the interactions employed in our models serve only as a proxy, they suggest LATAM can benefit from digitalized finance.…”

Section: Resultssupporting

confidence: 90%

“…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. Thus, digital financial services are expected to boost the potential benefits from financial inclusion, particularly to remote areas (Carballo, 2017 ; Lashitew et al, 2019 ; Mushtaq & Bruneau, 2019 ; N'Dri & Kakinaka, 2020 ; Ouma et al, 2017 ).…”

Section: Financial Inclusion and Its Impact On Poverty And Inequalitymentioning

confidence: 94%

“…Granting that developed economies present high levels of financial inclusion, the overall status of financial inclusion (and its efficiency) in developing nations is still under discussion (Donou-Adonsou & Sylwester, 2016 ; Park & Mercado, 2017 ; Swamy, 2014 ). Many studies already found empirical evidence of financial inclusion benefiting the poor (Demir et al, 2020 ; Fouejieu et al, 2020 ; Koomson et al, 2020 ; Mushtaq & Bruneau, 2019 ; N'Dri & Kakinaka, 2020 ; Omar & Inaba, 2020 ).…”

Section: Introductionmentioning

confidence: 99%

See 2 more Smart Citations

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: Resultssupporting

confidence: 90%

Section: Financial Inclusion and Its Impact On Poverty And Inequalitymentioning

confidence: 94%

Section: Introductionmentioning

confidence: 99%

See 1 more Smart Citation

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

et al. 2021

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“…The expected sign is positive; (iv) Private investment measured by gross capital formation reflects the accumulation of physical capital and shows the contribution of the private sector to domestic production. It contributes to the development of enterprises, facilitates innovation, stimulates demand for financial services and also strives to eliminate disparities in financial inclusion [34]. The expected sign for this variable is positive; (v) Remittances measured by remittances inflows to GDP (%).…”

Section: Empirical Specificationmentioning

confidence: 99%

Does ICT Diffusion Improve Financial Inclusion in Africa?

Richard

2020

JEMT

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This article examines the effects of Information and Communication Technologies (ICT) diffusion on financial inclusion from a sample of 52 African countries. We specify and estimate a panel data model by Ordinary Least Squares (OLS) over the period 2006-2019, based on the different approaches of financial inclusion. Our results show that, ICT diffusion increases financial inclusion as well as penetration, accessibility and use of financial services in Africa. We suggest policies to promote ICT infrastructure to stimulate financial inclusion by promoting digital finance.

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“…Financial inclusion refers to the means by which "individuals and businesses have access to useful and affordable financial products and services that meet their needs -transactions, payments, savings, credit and insurance -delivered in a responsible and sustainable way" (p. 1) (The World Bank Group 2008). Financial inclusion is a vital development priority for countries worldwide (Varghese & Viswanathan, 2018;Omigie et al, 2020) as in improves the overall standard of living (Grant, 2019), reduces level of poverty (N'Dri & Kakinaka, 2020), and enables economic growth (Makina, 2017). Indeed, it facilitates the participation of people and businesses previously excluded from taking part in the financial sector to fully engage with this sector through access to a transaction account (Khan et al, 2017).…”

Section: Introductionmentioning

confidence: 99%

Fostering Financial Inclusion in a Developing Country

Wamba

Queiroz

Blome

et al. 2021

Journal of Global Information Management

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Financial inclusion is a vital development priority for countries worldwide. Mobile wallet (m-wallet) is considered as a disruptive payment method that will substitute the traditional physical wallet to achieve the so-called cashless society and enables financial inclusion. This study aims at developing and testing a research model that integrates a set of technology factors (perceived usefulness, perceived ease of use, fun to use, monetary value), external factors (peer influence and perceived status benefit), and cultural factors (humane orientation and societal collectivism) to assess the intention to adopt and use m-wallet, for financial inclusion, in a developing country. The proposed conceptual model is tested using data collected from 621 m-wallet users in Cameroon. The model explains 47.5% of the variance of the actual use of m-wallet and 32.90% of the variance of financial inclusion. Eight out of the 10 proposed hypotheses were supported. Finally, implications for research and practice are discussed.

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Financial inclusion, mobile money, and individual welfare: The case of Burkina Faso

Cited by 72 publications

References 36 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

Does ICT Diffusion Improve Financial Inclusion in Africa?

Fostering Financial Inclusion in a Developing Country

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