IDEAS home Printed from https://ideas.repec.org/h/pal/psifcp/978-3-031-16687-7_9.html
   My bibliography  Save this book chapter

Prospects and Challenges of Digital Financial Inclusion/Fintech Innovation in the Fourth Industrial Revolution

In: Digital Financial Inclusion

Author

Listed:
  • David Mhlanga

    (University of Johannesburg)

Abstract

This chapter documents the challenges associated with digital financial inclusion for diverse stakeholders, including enterprises and women. Volatility, revenue restrictions, and regional constraints are just a few of the issues that have been brought up for firms, including lack of infrastructure, weak venture capital and technology ecosystems, problems with literacy and trust, and poverty are all present. Some of the issues mentioned concerning women include limited access to official identification cards, laws that discriminate against women's account ownership, attitudes towards women's participation in the workforce and access to digital financial services, low levels of women's digital literacy and financial capability, and the fact that women are less likely than men to own a cell phone, among others. The fact that formal financial services are hard to come by in emerging nations, together with low-income levels and inadequate infrastructure, are some factors that allow digital financial services to be beneficial to firms. The chapter ends by listing the measures that can make digital financial inclusion a reality, including lowering the cost of digital services, finding ways to boost digital literacy, and using artificial intelligence to get rid of systemic prejudices, among other things.

Suggested Citation

  • David Mhlanga, 2022. "Prospects and Challenges of Digital Financial Inclusion/Fintech Innovation in the Fourth Industrial Revolution," Palgrave Studies in Impact Finance, in: Digital Financial Inclusion, chapter 0, pages 163-182, Palgrave Macmillan.
    • Handle: RePEc:pal:psifcp:978-3-031-16687-7_9
    DOI: 10.1007/978-3-031-16687-7_9
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:pal:psifcp:978-3-031-16687-7_9. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.palgrave.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.