Using Data for Financial Inclusion: The Case of Credit Bureaus in Brazil

2020 ◽  
Author(s):  
Frederic de Mariz
Keyword(s):  
Financial Inclusion ◽  
Credit Bureaus ◽  
Using Data

scholarly journals ONLINE PAYMENT, INDIVIDUAL CHARACTERISTICS, AND DIGITAL FINANCIAL INCLUSION IN OIC COUNTRIES

2020 ◽  
Vol 6 (4) ◽  
Author(s):  
Rizqi Umar Al Hashfi ◽  
Alyta Shabrina Zusryn ◽  
Novi Lailatul Khoirunnisa ◽  
Ammelia Rizza Fitri Ayu Listyowati
Keyword(s):  
Financial Institution ◽  
Low Cost ◽  
Individual Characteristics ◽  
Financial Inclusion ◽  
Theoretical Development ◽  
Heckman Selection Model ◽  
Mobile Money ◽  
Digital Era ◽  
Use Of Technology ◽  
Using Data

Digital financial inclusion (DFI) is a prominent issue in the digital era, since it focuseson the use of technology to serve unbanked people at low cost. The adoption ofmobile money platforms that allow users to make efficient peer-to-peer and real-timetransactions is one aspect of the DFI agenda. This study aims to investigate thedeterminants of mobile money usage using data derived from the 2017 GlobalFinancial Inclusion survey conducted by the World Bank and Gallup and applyingprobit regression and the Heckman selection model to check robustness. Eventhough access to a financial institution is relatively low, the percentage of mobilemoney usage in Organisation of Islamic Cooperation (OIC) countries is slightly higherthan in non-OIC countries and worldwide. The rate of adoption of mobile money ishigher for individuals making online transactions, with more educated and moreprosperous males tending to be more included in the use of digital financial services.The U-shape hypothesis for the relationship between age and the use of mobilemoney is not supported. Our research contributes to the theoretical development ofthe Unified Theory of Acceptance and Use of Technology 2 in illustrating the use ofmobile technology. The empirical results are recommended for use by practitioners,regulators and policymakers in creating and fostering a sound ecosystem for digitalfinance development.

What Role Does Financial Inclusion Play for Poverty Reduction? Empirical Evidence From The Indian States in the Post-Liberalization Era

2021 ◽  
Author(s):  
Rajesh Barik ◽  
Sanjaya Kumar Lenka
Keyword(s):  
Poverty Reduction ◽  
Urban Poverty ◽  
Random Effect ◽  
Principal Component ◽  
Financial Inclusion ◽  
Least Square ◽  
Indian States ◽  
Pca Method ◽  
Using Data ◽  
The Impact

Abstract The paper tries to analyzes the effect of financial inclusion on poverty reduction among 28 Indian states and rural-urban as well. Using data from 28 Indian states over the period of 1993 to 2015, this study constructed a single financial inclusion index through Principal Component Analysis (PCA) method, which signifies the state-wise variation in financial inclusion services. Furthermore, this study uses Fixed Effect, Random Effect, Panel Corrected Standard Errors, Feasible General Least Square, and Hausman-Taylor Regression model to know the impact of financial inclusion on state-wise poverty reduction and rural-urban poverty reduction as well. The results of this study suggest that financial inclusion has a negative and significant effect on state-wise and rural-urban poverty reduction respectively. With regards to the control variables, this study finds that variables like social sector expenditure, per capita state GDP and capital receipt are negatively associated with all three categories of poverty (i.e., overall poverty and rural-urban poverty) whereas the rural population is positively associated.

Financial inclusion and FinTech

2019 ◽  
Vol 12 (1) ◽  
pp. 24-42 ◽  
Author(s):  
Hasnan Baber
Keyword(s):  
World Bank ◽  
Design Methodology ◽  
Financial Inclusion ◽  
Islamic Finance ◽  
Financial Systems ◽  
Content Type ◽  
Future Studies ◽  
Finance System ◽  
The Difference ◽  
Using Data

Purpose Using data from World Bank and Global Islamic Finance Report, this paper aims to compare the performance of countries following Islamic and conventional finance system in terms of financial inclusion and FinTech. Design/methodology/approach Ten countries from both financial systems have been selected based on the presence of Islamic finance and conventional finance in the country. Data was analyzed from year 2011 to 2017 and keeping the former as base year to measure the change in the population fraction. Findings The findings found that Islamic finance countries are more inclusive in terms of financial inclusion and women are financially more empowered as compared to the counterpart. On the contrary, countries with conventional finance have a higher number of FinTech users. Research limitations/implications The difference between the performances of two systems in terms of financial inclusion is relatively small; therefore, future studies should incorporate more indicators for financial inclusion. Originality/value This study will be useful for understanding the nature of both financial systems, and the further research can be done to find the determinants of financial inclusion.

Financial inclusion and bank stability controversy: Evidence from South Asian region

2020 ◽  
Vol 07 (04) ◽  
pp. 2050038
Author(s):  
Muhammad Amir Alvi ◽  
Amir Rafique ◽  
Khurram Shehzad
Keyword(s):  
South Asian ◽  
Banking System ◽  
Financial Inclusion ◽  
Policy Implications ◽  
Bank Stability ◽  
Substantial Growth ◽  
Asian Region ◽  
Using Data ◽  
The Impact ◽  
South Asian Region

Despite a substantial growth in efficiency and profitability, South Asian region’s well-established banking system is likely to be incapable to grasp wide sections of the population, particularly the deprived ones. Numerous studies revealed that financial inclusion impact bank stability, but no significant empirical study has been made on the economies of South Asian region. The aim of the study is to explore the impact of financial inclusion on bank stability across South Asian region using data from 88 commercial banks from four economies (Bangladesh, India, Pakistan and Sri Lanka) over the period of 2012–2018. Results using two-step system GMM suggest that an increase in financial inclusion enhances bank stability across economies of South Asian region. This study contains some significant policy implications to generate real opportunities for financial inclusion to improve bank stability.

scholarly journals Fostering Financial Inclusion in a Developing Country

2021 ◽  
Vol 29 (4) ◽  
pp. 195-220
Author(s):  
Samuel Fosso Wamba ◽  
Maciel M. Queiroz ◽  
Constantin Blome ◽  
Uthayasankar Sivarajah
Keyword(s):  
Developing Country ◽  
Peer Influence ◽  
Ease Of Use ◽  
Perceived Usefulness ◽  
Financial Inclusion ◽  
Research Model ◽  
Perceived Ease Of Use ◽  
Intention To Adopt ◽  
Actual Use ◽  
Using Data

Financial inclusion is a vital development priority for countries worldwide. Mobile wallet (m-wallet) is considered as a disruptive payment method that will substitute the traditional physical wallet to achieve the so-called cashless society and enables financial inclusion. This study aims at developing and testing a research model that integrates a set of technology factors (perceived usefulness, perceived ease of use, fun to use, monetary value), external factors (peer influence and perceived status benefit), and cultural factors (humane orientation and societal collectivism) to assess the intention to adopt and use m-wallet, for financial inclusion, in a developing country. The proposed conceptual model is tested using data collected from 621 m-wallet users in Cameroon. The model explains 47.5% of the variance of the actual use of m-wallet and 32.90% of the variance of financial inclusion. Eight out of the 10 proposed hypotheses were supported. Finally, implications for research and practice are discussed.

scholarly journals Financial Literacy as a Driver of Financial Inclusion in Kenya and Tanzania

2021 ◽  
Vol 14 (11) ◽  
pp. 561
Author(s):  
Ashenafi Fanta ◽  
Kingstone Mutsonziwa
Keyword(s):  
Regression Analysis ◽  
Financial Literacy ◽  
Financial Services ◽  
Instrumental Variable ◽  
Financial Inclusion ◽  
Demand Side ◽  
Financial Products ◽  
Instrumental Variable Regression ◽  
Per Se ◽  
Using Data

Efforts are being exerted in many developing countries to promote financial inclusion by increasing individuals’ access to financial products and services. However, literature suggests that increasing the supply of financial products and services per se may not help in expanding financial inclusion unless concerted efforts are exerted in enhancing financial literacy. This is because financially literate individuals are more likely to appreciate the value of financial services and hence take up financial products. This paper reports the link between financial literacy and inclusion using data from a demand side financial inclusion survey conducted in Kenya and Tanzania in 2016 covering a total of 6029 individuals. Results from our instrumental variable regression analysis confirmed that financial literacy is a strong driver of financial inclusion. This implies that efforts to promote financial inclusion need to be accompanied with financial literacy campaigns in both countries.

Financial Inclusion and Bank Efficiency in Indonesia

2020 ◽  
Vol 10 (2) ◽  
pp. 595
Author(s):  
Fida MUTHIA ◽  
Agung Putra RANEO ◽  
Sri ANDAIYANI
Keyword(s):  
Small And Medium Enterprises ◽  
Financial Inclusion ◽  
Data Envelopment ◽  
Bank Efficiency ◽  
The World Bank ◽  
Panel Data Regression ◽  
Data Regression ◽  
The Government ◽  
Using Data ◽  
Medium Enterprises

The aim of this study is to find out the effect of financial inclusion on bank efficiency in Indonesia. Data from 26 banks for the period of 2011 to 2016 is used to measure bank efficiency using Data Envelopment Analysis (DEA). While the data from the World Bank is used to calculate the ratio of outstanding loans of small and medium enterprises to total outstanding loans in banks to measure financial inclusion index. Panel data regression is done to analyze the effect and the result shows that financial inclusion has a positive and significant effect on bank efficiency where an increase in financial inclusion could improve bank efficiency. The result implies that the government must present a conducive financial environment for the implementation of the SNKI program that can improve financial inclusion and bank efficiency.  

REMITTANCES, INSTITUTIONS AND FINANCIAL INCLUSION: NEW EVIDENCE OF NON-LINEARITY

2020 ◽  
Vol 20 (01) ◽  
pp. 2050002 ◽  
Author(s):  
MURAT ISSABAYEV ◽  
HAYOTBEK SAYDALIYEV ◽  
VEYSEL AVSAR ◽  
LEE CHIN
Keyword(s):  
Developing Countries ◽  
Negative Impact ◽  
Dynamic Panel Data ◽  
Financial Inclusion ◽  
Nonlinear Relationship ◽  
Dynamic Panel ◽  
People’S Perception ◽  
Using Data ◽  
High Level ◽  
New Evidence

This paper investigates the effect of remittance inflows on financial inclusion. Using data from high remittance-receiving developing countries and applying dynamic panel data methods, we find that remittance inflow has a negative impact on financial inclusion for countries with low level of remittances. However, this relationship is positive for countries with high level of remittances. Our study found that there exists a nonlinear relationship between remittances and financial inclusion. We also show that the effect of remittances on the financial inclusion is conditional upon people’s perception about institutions.

scholarly journals Why Basic Income’s Emancipatory Value Exceeds Its Monetary Value

2015 ◽  
Vol 10 (2) ◽  
Author(s):  
Guy Standing
Keyword(s):  
Large Scale ◽  
Economic Security ◽  
Financial Inclusion ◽  
Illustrative Case ◽  
Basic Income ◽  
Monetary Value ◽  
Cash Payment ◽  
The World ◽  
Indian State ◽  
Using Data

AbstractThis article argues that the emancipatory value of a basic income is greater than its monetary value, drawing on the results of a large-scale basic income scheme conducted in the Indian State of Madhya Pradesh between 2010 and 2013. The scheme was evaluated by comparing households in villages where everyone received a small cash payment each month with households in similar villages where no one did. The evaluation results showed much stronger than anticipated benefits of a very modest basic income, equivalent to about a third of subsistence. It is argued here that this arises because cash payments alleviate the contrived scarcity of money itself, a cause of chronic indebtedness and impoverishment. Using data and illustrative case studies on debt, savings and financial inclusion, the article demonstrates how a basic income improves economic security beyond its monetary value, which can be termed its emancipatory value. It further concludes that a basic income would have an emancipatory effect for the growing precariat around the world.

scholarly journals Reaching for the Vulnerables: Assessing the Impact of Digital Financial Inclusion to the MSME Household’s Vulnerability to Poverty

2020 ◽  
Vol 4 (1) ◽  
pp. 73-96
Author(s):  
Gilbert ◽  
Pricilia Meidy Winengko ◽  
Adho Adinegoro
Keyword(s):  
Regression Analysis ◽  
Family Life ◽  
Poverty Alleviation ◽  
Financial Inclusion ◽  
Short Term ◽  
Vulnerability To Poverty ◽  
Indonesian Family Life Survey ◽  
Using Data ◽  
The Impact

The COVID-19 pandemic has affected most parts of society, one of which is the MSME household. Although various assistance has been addressed to this sector in the short term, a long-term strategy through digital financial inclusion is needed to reduce the vulnerability of MSME households to falling into poverty in the long term. Using data from the Indonesian Family Life Survey 2014, this study investigates the impact of digital finan-cial inclusion on the vulnerability of MSME households in Indonesia and in East Java. The OLS and 2SLS analysis shows that digital financial inclusion helped reduce the poverty vulnerability of MSME households significantly. Further logistic regression analysis also shows that the reduction of poverty vulnerability occurred both in the risk-induced and structural vulnerabilities. Based on the findings, this study recommends policy stakeholders to formulate a digital financial inclusion strategy as one of the alternative policies for poverty alleviation in Indonesia.

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