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Digital financial inclusion

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  • Ozili, Peterson K

Abstract

The paper defines digital financial inclusion, and highlights the goal of digital financial inclusion, the components of digital financial inclusion, the providers of digital financial services, the instruments for digital financial inclusion, the benefits of digital financial inclusion, the risks of digital financial inclusion, and the regulatory issues associated with digital financial inclusion. It also suggests ways to make digital financial inclusion work for the good of all. The paper concludes by offering some implications for policy making and practice in the digital finance ecosystem.

Suggested Citation

  • Ozili, Peterson K, 2022. "Digital financial inclusion," MPRA Paper 113789, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:113789
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    File URL: https://mpra.ub.uni-muenchen.de/113789/1/MPRA_paper_113789.pdf
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    References listed on IDEAS

    as
    1. Xiaomeng Lu & Jiaojiao Guo & Hailing Zhou, 2021. "Digital financial inclusion development, investment diversification, and household extreme portfolio risk," Accounting and Finance, Accounting and Finance Association of Australia and New Zealand, vol. 61(5), pages 6225-6261, December.
    2. Peterson Kitakogelu Ozili, 2021. "Has financial inclusion made the financial sector riskier?," Journal of Financial Regulation and Compliance, Emerald Group Publishing Limited, vol. 29(3), pages 237-255, January.
    3. Peterson K. Ozili, 2018. "Impact of digital finance on financial inclusion and stability," Borsa Istanbul Review, Research and Business Development Department, Borsa Istanbul, vol. 18(4), pages 329-340, December.
    4. Ozili Peterson K., 2021. "Digital Finance, Green Finance and Social Finance: Is there a Link?," Financial Internet Quarterly (formerly e-Finanse), Sciendo, vol. 17(1), pages 1-7, March.
    5. Ozili, Peterson K, 2020. "Contesting digital finance for the poor," MPRA Paper 101812, University Library of Munich, Germany.
    6. Melain Modeste Senou & Wautabouna Ouattara & Denis Acclassato Houensou, 2019. "Financial inclusion dynamics in WAEMU: Was digital technology the missing piece?," Cogent Economics & Finance, Taylor & Francis Journals, vol. 7(1), pages 1665432-166, January.
    7. Ozili, Peterson Kitakogelu, 2018. "Impact of Digital Finance on Financial Inclusion and Stability," MPRA Paper 84771, University Library of Munich, Germany.
    8. Xuanming Ji & Kun Wang & He Xu & Muchen Li, 2021. "Has Digital Financial Inclusion Narrowed the Urban-Rural Income Gap: The Role of Entrepreneurship in China," Sustainability, MDPI, vol. 13(15), pages 1-18, July.
    9. Yan Shen & C. James Hueng & Wenxiu Hu, 2020. "Using digital technology to improve financial inclusion in China," Applied Economics Letters, Taylor & Francis Journals, vol. 27(1), pages 30-34, January.
    10. Pierre Bachas & Paul Gertler & Sean Higgins & Enrique Seira, 2018. "Digital Financial Services Go a Long Way: Transaction Costs and Financial Inclusion," AEA Papers and Proceedings, American Economic Association, vol. 108, pages 444-448, May.
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    Citations

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    Cited by:

    1. Suha Mahmoud Alawi & Wajih Abbassi & Rukhma Saqib & Madeeha Sharif, 2022. "Impact of Financial Innovation and Institutional Quality on Financial Development in Emerging Markets," JRFM, MDPI, vol. 15(3), pages 1-11, March.
    2. Treu, Johannes, 2023. "Finanzielle Allgemeinbildung, Finanzielle Inklusion, FinTech und SDG: Ein holistischer Rahmen," IU Discussion Papers - Business & Management 2 (April 2023), IU International University of Applied Sciences.
    3. Ozili, Peterson K, 2024. "Finternet in Africa: Preparing Africa for the financial system of the future," MPRA Paper 122166, University Library of Munich, Germany.
    4. Johannes Treu, 2024. "Moving Beyond Silo Thinking: A Deductive Analysis of Financial Literacy, Financial Inclusion, FinTech, and the UN Sustainable Development Goals," International Journal of Economics and Finance, Canadian Center of Science and Education, vol. 16(2), pages 1-1, February.

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    More about this item

    Keywords

    digital finance; artificial intelligence; financial inclusion; digital financial inclusion.;
    All these keywords.

    JEL classification:

    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
    • G23 - Financial Economics - - Financial Institutions and Services - - - Non-bank Financial Institutions; Financial Instruments; Institutional Investors
    • G28 - Financial Economics - - Financial Institutions and Services - - - Government Policy and Regulation
    • I31 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty - - - General Welfare, Well-Being
    • I38 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty - - - Government Programs; Provision and Effects of Welfare Programs

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