Triggers and barriers to financial inclusion: The use of ICT-based branchless banking in an Amazon county

Promoting Financial Inclusion through Financial Education

“…Interviewees noted that they lacked knowledge of the operational aspects of the financial services as well as the norms and rules of the financial system. The authors conclude that "To overcome the tensions and restrictions related to people's high indebtedness and the lack of information, we think that some sort of educational action will be needed, encompassing necessities of the local actors and characteristics of financial services" (Diniz et al, 2011). As highlighted in the following Asian examples, strategy documents and legislation are also seen as key components in developing national policy responses to financial inclusion and financial education.…”

Factors impeding the use of banking services in rural Southern African states

“…Williams (2016) maintains that a more financially literate society has the capacity to exert stronger market discipline on financial service providers by exercising greater scrutiny over the risks of particular financial institutions and their products, and through a greater awareness of risk-return trade-offs. Accordingly, as pointed by Diniz et al (2012), a stronger level of financial literacy among consumers of banking services leads to more disciplined, sound and efficient financial institutions.…”

Research on Relationship between Financial Inclusion and Economic Growth of Rwanda: Evidence from Commercial Banks with ARDL Approach

“…Valickova, Havranek, & Horvath (2015) also showed that stock markets support faster economic growth than other financial intermediaries. Durusu-Ciftci, Ispir, & Yetkiner (2016) showed that debt from credit markets and equity from stock markets are two long-run determinants of GDP per capita. According to R. King & Levine (1993), at the cross-country level, evidence indicates that various measures of financial development (including assets of the financial intermediaries, liquid liabilities of financial institutions, domestic credit to private sector, stock and bond market capitalization) are robustly and positively related to economic growth.…”