FinTech—A pathway to financial inclusion? Evidence from Southern African Development Community member states.
The study investigates the effect of FinTech on financial inclusion in Southern African Development Community (SADC) member states over the period 2011–2021, while also looking at the transmission channels. The study adopts a battery of econometric techniques such as ordinary least squares (OLS), th...
| Publicado en: | African Development Review / Revue Africaine de Développement Vol. 36; no. 2; pp. 252 - 266 |
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| Autores principales: | , , , |
| Formato: | Artículo |
| Publicado: |
Wiley-Blackwell
Jun2024
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| Materias: | |
| Acceso en línea: | Ver este registro en EBSCOhost |
| fields | @attributes: recordID: 1 pdfLink: plink: https://search.ebscohost.com/login.aspx?direct=true&db=ssf&AN=178071462&site=ehost-live header: @attributes: shortDbName: ssf uiTerm: 178071462 longDbName: Social Sciences Full Text (H.W. Wilson) uiTag: AN controlInfo: bkinfo: jinfo: jid: 10176772 BLP jtl: African Development Review / Revue Africaine de Développement issn: 10176772 maglogo: Y pubinfo: dt: Jun2024 vid: 36 iid: 2 pid: 480 pub: Wiley-Blackwell artinfo: ui: 178071462 10.1111/1467-8268.12754 ppf: 252 ppct: 14 formats: tig: atl: FinTech—A pathway to financial inclusion? Evidence from Southern African Development Community member states. aug: au: Olaoye, Olumide O. Zerihun, Mulatu F. Shaddady, Ali Tabash, Mosab I. affil: Department of Economics, Tshwane University of Technology, Pretoria, South Africa Department of Finance, King Abdulaziz University, Jeddah, Saudi Arabia Al Ain University, Al Ain, United Arab Emirates su: Southern African Development Community Africans Internet access Financial inclusion Automated teller machines Financial technology Branch banks sug: subj: Africans Internet access Southern African Development Community Other financial transactions processing and clearing house activities All other building equipment contractors Computer and peripheral equipment manufacturing Computer Terminal and Other Computer Peripheral Equipment Manufacturing Office and store machinery and equipment merchant wholesalers Office Equipment Merchant Wholesalers Other Building Equipment Contractors Corporate and institutional banking industry Commercial Banking Personal and commercial banking industry Financial inclusion Automated teller machines Financial technology Branch banks keyword: digital economy Driscoll–Kraay financial inclusion FinTech GMM Southern African Community (SADC) transmission channels digital economy Driscoll–Kraay financial inclusion FinTech GMM Southern African Community (SADC) transmission channels ab: The study investigates the effect of FinTech on financial inclusion in Southern African Development Community (SADC) member states over the period 2011–2021, while also looking at the transmission channels. The study adopts a battery of econometric techniques such as ordinary least squares (OLS), the two‐step system generalized method of moments (GMM) and the Driscoll and Kraay covariance estimator. The study finds that FinTech (proxied by digitization) deepens financial inclusion (access to loan) and a decline in the number of bank branches in SADC member states. This is logical since the operations of FinTech are digital. This implies that an attempt to promote financial inclusion by traditional means such as building physical bank structures may be limited, especially in Africa where large swathes of the populace remain unbanked. As expected, FinTech (measured by automated teller machines [ATMs]) increases the number of bank branches in SADC. We also find that mobile cellular subscription, the share of population with access to electricity and Internet access and mean years of schooling are important transmission channels of FinTech to financial inclusion in SADC. In general, the result shows that FinTech enhances and deepens financial inclusion in SADC member states. The research and policy implications are discussed. pubtype: Academic Journal doctype: Article src: R language: English refInfo: copyright: @attributes: flag: N holdings: @attributes: islocal: N |
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