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Accelerating Financial Inclusion in South-East Asia with Digital Finance

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  • Asian Development Bank Institute

Abstract

The research focuses on financial exclusion in three segments: base of pyramid (BoP); women; and micro, small, and medium enterprises (MSMEs). From our research, we estimate that addressing this opportunity could increase Gross Domestic Product (GDP) by between 9% and 14%, even in relatively large economies such as Indonesia and the Philippines. The potential boost to GDP is as high as 32% in Cambodia. Making the most of this opportunity could also help influence the future shape of the financial services industry, particularly in smaller markets such as Cambodia and Myanmar, where only a small percentage of the current needs for financial services are met by formal providers.

Suggested Citation

  • Asian Development Bank Institute, 2017. "Accelerating Financial Inclusion in South-East Asia with Digital Finance," Working Papers id:11723, eSocialSciences.
  • Handle: RePEc:ess:wpaper:id:11723
    Note: Institutional Papers
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    Citations

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    Cited by:

    1. Seng, Kimty, 2021. "The mobile money’s poverty-reducing promise: Evidence from Cambodia," World Development Perspectives, Elsevier, vol. 22(C).
    2. Mrs. Sarwat Jahan & Jayendu De & Mr. Fazurin Jamaludin & Piyaporn Sodsriwiboon & Cormac Sullivan, 2019. "The Financial Inclusion Landscape in the Asia-Pacific Region: A Dozen Key Findings," IMF Working Papers 2019/079, International Monetary Fund.
    3. Lyons, Angela C. & Grable, John E. & Zeng, Ting, 2019. "Impacts of Financial Literacy on the Loan Decisions of Financially Excluded Households in the People's Republic of China," ADBI Working Papers 923, Asian Development Bank Institute.
    4. Dr Ma Nang Laik & Chester Mark Hong Wei, 2019. "Creating a unique mobile financial services framework for Myanmar: A Review," Papers 1910.03793, arXiv.org, revised Oct 2019.
    5. Gregor Dorfleitner & Davide Forcella & Quynh Anh Nguyen, 2021. "Why microfinance institutions go digital: An empirical analysis," Working Papers CEB 21-003, ULB -- Universite Libre de Bruxelles.
    6. Ozili, Peterson Kitakogelu, 2018. "Impact of Digital Finance on Financial Inclusion and Stability," MPRA Paper 84771, University Library of Munich, Germany.

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