IDEAS home Printed from https://ideas.repec.org/h/pal/psifcp/978-3-031-16687-7_3.html
   My bibliography  Save this book chapter

Financial Inclusion and the Fourth Industrial Revolution

In: Digital Financial Inclusion

Author

Listed:
  • David Mhlanga

    (University of Johannesburg)

Abstract

This chapter's objectives are to investigate what financial inclusion means and to outline the context in which the Fourth Industrial Revolution's technologies will affect it. Financial inclusion is defined variably in the literature, as this chapter points out. The chapter also emphasizes the fact that there are numerous theories of financial inclusion, including the beneficiaryBeneficiaries theories, the delivery theories, and the funding theories. The chapter also finds that some barriers to financial inclusion are being heavily addressed because of the technologies powering the Fourth Industrial Revolution, which is changing the financial industry. It was pointed out that information asymmetry is one of the main obstacles to financial inclusion since it makes it exceedingly difficult for other groups of individuals to get a line of credit, which greatly increases financial exclusion. However, the technologies of the Fourth Industrial Revolution are changing this by allowing excluded persons to be financially included through signalling, screening, information exchange, and digital identity construction, among other things.

Suggested Citation

  • David Mhlanga, 2022. "Financial Inclusion and the Fourth Industrial Revolution," Palgrave Studies in Impact Finance, in: Digital Financial Inclusion, chapter 0, pages 39-57, Palgrave Macmillan.
    • Handle: RePEc:pal:psifcp:978-3-031-16687-7_3
    DOI: 10.1007/978-3-031-16687-7_3
    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.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Godfred Anakpo & Zizipho Xhate & Syden Mishi, 2023. "The Policies, Practices, and Challenges of Digital Financial Inclusion for Sustainable Development: The Case of the Developing Economy," FinTech, MDPI, vol. 2(2), pages 1-17, June.
    2. Cristina Sbîrneciu & Nicoleta-Valentina Florea, 2023. "An exploratory case study: Romania’s digital innovation opportunities due to rise of digital currencies," Journal of Financial Studies, Institute of Financial Studies, vol. 8(14), pages 143-164, May.

    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_3. 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.