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What matters for financial inclusions? Evidence from emerging economy

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  • Anum Khan
  • Muhammad Shujaat Mubarik
  • Navaz Naghavi

Abstract

The major objective of this research is to examine the influence of cybercrimes on financial inclusion in a developing country. Furthermore, the study also tends to examine the role of cybersecurity in controlling the impact of cybercrimes on financial inclusion. Data were collected from the banking sector of Pakistan using a close‐ended questionnaire. Partial least square‐structural equation modelling (PLS‐SEM) technique was employed to analyse the data. The findings of the study confirm that strong cybersecurity reduces the consequences of cyber threats to financial inclusion. This study suggests that numerous external and internal factors lead to criminals for illegal activities in the banking sector. Therefore, it is obligatory for the banks to enhance their cybersecurity control, to minimize the occurrences of cyber‐attacks. The present study focuses on the banking sector, so its finding cannot be generalized in other sectors. Further in‐depth comparative studies in other sectors with different cultural settings will help to authenticate the research findings.

Suggested Citation

  • Anum Khan & Muhammad Shujaat Mubarik & Navaz Naghavi, 2023. "What matters for financial inclusions? Evidence from emerging economy," International Journal of Finance & Economics, John Wiley & Sons, Ltd., vol. 28(1), pages 821-838, January.
    • Handle: RePEc:wly:ijfiec:v:28:y:2023:i:1:p:821-838
    DOI: 10.1002/ijfe.2451
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    References listed on IDEAS

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    Cited by:

    1. Peterson K. Ozili, 2023. "Impact of Monetary Policy on Financial Inclusion in Emerging Markets," JRFM, MDPI, vol. 16(7), pages 1-10, June.
    2. Nalluri, Venkateswarlu & Chen, Long-Sheng, 2024. "Modelling the FinTech adoption barriers in the context of emerging economies—An integrated Fuzzy hybrid approach," Technological Forecasting and Social Change, Elsevier, vol. 199(C).
    3. Freddy Marilahimbilu Mgiba & Thozama Mxotwa, 2024. "Communicating Banking Cyber-security Measures, Customer Ethical Concerns, Experience, and Loyalty Intentions: A Developing Economy’s Perspective," International Review of Management and Marketing, Econjournals, vol. 14(3), pages 123-135, May.
    4. Foguesatto, Cristian Rogério & Righi, Marcelo Brutti & Müller, Fernanda Maria, 2024. "Is there a dark side to financial inclusion? Understanding the relationship between financial inclusion and market risk," The North American Journal of Economics and Finance, Elsevier, vol. 72(C).
    5. Carolina Guerini & Donato Masciandaro & Alessia Papini, 2024. "Literacy and Financial Education: Private Providers, Public Certification and Political Preferences," BAFFI CAREFIN Working Papers 24223, BAFFI CAREFIN, Centre for Applied Research on International Markets Banking Finance and Regulation, Universita' Bocconi, Milano, Italy.

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