Browsing by Subject "financial inclusion"

Now showing 1 - 5 of 5
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    Creating inclusive financial sectors to address SDGs: factors that influence access from an African context
    (2020) Mugwabana, Tsimbe; Alhassan, Abdul Latif
    In many developing economies, access to and subsequent utilisation of mainstream financial services act as a barrier to financial inclusion. The merging of financial services and information technology, especially by means of mobile devices, result in consumers being able to make use of financial services at any time and place, thereby overcoming the distribution challenges and subsequent use (Gu, Lee, & Suh, 2009). This research examined the factors influencing the continued use of tech-based financial services post adoption by the Base of the Pyramid (BOP) in South Africa. The research uses the risk-benefit framework to understand usage behaviour focusing on cost, convenience, perceived ease of use and risk (security and operational) as predictor variables. The research makes use of analysed secondary data on 481 low-income individuals using the Structural equation modelling (SEM).The partial least squares structural modelling was utilised to test the hypotheses and relationship between the variables. The findings indicate that perceived benefit has a greater influence on usage than perceived risk. Even though consumers consider both benefit and risk in decision making, the expectation of potential benefits is a greater driver of usage. Convenience, cost and perceived ease of use were found to have significant impacts on usage, with the latter two having the greatest impacts. Perceived risk had a significant but weak impact on usage, with operating risk influencing usage more than security risk. The research recommends that when creating a value proposition for Fintech products, resources should be weighted more towards improving and highlighting those factors that drive the perception of benefit or value added to customers (cheaper, quicker etc.) vs. those that manage a potential risk. Customers are likely to respond positively and increase usage when there is an additional benefit to be derived.
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    Innovative Finance Week 1 Video 10 - Choosing an issue area
    (2019) Phiri, Lelemba; Giese, Sonja; Okbaselasie, Merhawi; Naledi, Tracey
    This video introduces the representaives from the case astudies. We are introduced to the different areas that the organizations focus on, which include financial inclusion, housing, education, and healthcare. we are also introduced to the perspective of the private investment group that focuses on impact investing. This is video 10/11 in week 1 of the Innovative Finance: Hacking Finance to change the World course.
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    Innovative Finance Week 1 Video 3 - Impact financial inclusion
    (2019) Ngoepe, Tsakane
    This video focuses on the area of financial inclusion. We highlight that over 2 billion people do not use formal financial services. We mention that financial inclusion means people are able to have tools and services that enables them to make sound financial decisions that meet their needs, We highlight the barriers of financial inclusion to include cost, distance to financial service provider and the lack of necessary documents. This is video 3/11 in week 1 of the Innovative Finance: Hacking Finance to change the World course.
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    Open Access
    The impact of mobile money on macroeconomic development: insights from Côte d'Ivoire
    (2024) Payaneeandee, Mary Catherine Sonia,; Alhassan, Abdul Latif
    Mobile money has contributed to financial inclusion across African countries. Indeed, mobile money has proven immense economic benefits to developing countries and is a driving force behind numerous economic activities. However, there are concerns that mobile money may perhaps weaken financial stability. The consequences of mobile money on these macroeconomic indicators such as: inflation, interest spread rates, money stock, private-sector credit, and economic aggregate activity are intriguing. Côte d'Ivoire is viewed as the most robust financial state within the African continent and mobile money has evolved rapidly across the country. As such, this gives room to prospect the consequences of mobile money on macroeconomic development in Côte d'Ivoire. Indeed, the core idea of this analysis is to evaluate the repercussion of mobile money on macroeconomic development in Côte d'Ivoire. The study adopted a time series approach, making use of monthly data from January 2013 till December 2021. The economic investigation adopts the structural vector autoregressive (SVAR) to analyse the data. The results showed moderate effect on the macroeconomic development variables in Côte d'Ivoire. Specifically, the shocks involving mobile money may take time to impact productivity but nonetheless support economic aggregate activity in the country. Mobile money seems to not cause inflationary pressures. In the case of money stock, mobile money leads to a shift from non-financial assets to financial assets thus influencing money supply. Furthermore, mobile money may take time to influence supply of private credit but remains an essential tool for the supply private credit. As for interest spread rates, a positive impact is noticed, and remain relatively stable. Regarding the conduct of monetary policy, mobile money has moderate impact on monetary policy transmission mechanisms, monetary effects take longer to gain full potential in Côte d'Ivoire.
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    The relationship between financial inclusion and entrepreneurship among South African women
    (2024) Khoza, Maximillan; Brijlal, Pradeep
    In South Africa, women have historically faced multifaceted challenges in accessing financial resources, starting and growing businesses, and achieving economic independence. These challenges have contributed to persisting gender disparities in their economic participation. Given the potential for inclusive financial practices to bridge gender disparities, this study examines women's entrepreneurship to generate practical recommendations for policymakers and practitioners. Secondary quantitative data from the World Bank's Global Findex Database was used, and various statistical methodologies, including correlation and regression analysis, were applied. The nature and strength of the relationships between financial inclusion and entrepreneurship among South African women were analysed to understand the impact of financial inclusion on women's entrepreneurship and the determinants and barriers affecting South African women's entrepreneurial engagement. The findings highlighted a positive correlation between women's entrepreneurial engagement and financial inclusion, implying that the latter can enable the participation of women in entrepreneurial activities. Findings also suggested that there has been a steady increase in women's involvement in savings, investments, and entrepreneurial ventures over time. These findings confirm the significant potential for financial inclusion to empower women economically and facilitate greater participation in entrepreneurship. Policymakers and practitioners can use the insights from this study to develop targeted initiatives and interventions aimed at enhancing financial inclusion and, by extension, empowering women economically.