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Digital financial inclusion research and developments around the world

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  • Ozili, Peterson K

Abstract

This study presents an overview of digital financial inclusion research and developments around the world. The literature has paid little attention to the uneven digital financial inclusion developments in different regions of the world. There is a need for an overview of the existing digital financial inclusion research and developments around the world to gain insight into digital financial inclusion trends and to chart some directions for future research. It was shown that digital financial inclusion has a beneficial positive effect on wellbeing and society. There are uneven positive developments in digital financial inclusion across regions. The determinants of digital financial inclusion are varied according to regions. Every region is faced with a unique set of challenges that limit progress in digital financial inclusion.

Suggested Citation

  • Ozili, Peterson K, 2025. "Digital financial inclusion research and developments around the world," MPRA Paper 125394, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:125394
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    References listed on IDEAS

    as
    1. Asli Demirgüç-Kunt & Leora Klapper & Dorothe Singer & Saniya Ansar & Jake Hess, 2020. "The Global Findex Database 2017: Measuring Financial Inclusion and Opportunities to Expand Access to and Use of Financial Services," The World Bank Economic Review, World Bank, vol. 34(Supplemen), pages 2-8.
    2. David-West, Olayinka, 2016. "The path to digital financial inclusion in Nigeria: Experiences of Firstmonie," Journal of Payments Strategy & Systems, Henry Stewart Publications, vol. 9(4), pages 256-273, January.
    3. Biruk Birhanu Ashenafi & Yan Dong, 2022. "Financial Inclusion, Fintech, and Income Inequality in Africa," FinTech, MDPI, vol. 1(4), pages 1-12, November.
    4. Jabir Ali & Archana Kumari Ghildiyal, 2023. "Socio-economic characteristics, mobile phone ownership and banking behaviour of individuals as determinants of digital financial inclusion in India," International Journal of Social Economics, Emerald Group Publishing Limited, vol. 50(10), pages 1375-1392, April.
    5. Tough Chinoda & Forget Mingiri Kapingura, 2023. "The Impact of Digital Financial Inclusion and Bank Competition on Bank Stability in Sub-Saharan Africa," Economies, MDPI, vol. 11(1), pages 1-12, January.
    6. Mohammad Mahbubi Ali & Abrista Devi & Hafas Furqani & Hamzah Hamzah, 2020. "Islamic financial inclusion determinants in Indonesia: an ANP approach," International Journal of Islamic and Middle Eastern Finance and Management, Emerald Group Publishing Limited, vol. 13(4), pages 727-747, July.
    7. Mohammad Mahbubi Ali & Abrista Devi & Hafas Furqani & Hamzah Hamzah, 2020. "Islamic financial inclusion determinants in Indonesia: an ANP approach," International Journal of Islamic and Middle Eastern Finance and Management, Emerald Group Publishing Limited, vol. 13(4), pages 727-747, July.
    8. Mahmood Ahmad & Abdul Majeed & Muhammad Asif Khan & Muhammad Sohaib & Khurram Shehzad, 2021. "Digital financial inclusion and economic growth: provincial data analysis of China," China Economic Journal, Taylor & Francis Journals, vol. 14(3), pages 291-310, September.
    9. Tough Chinoda & Forget Mingiri Kapingura, 2023. "Digital financial inclusion and economic growth in Sub-Saharan Africa: the role of institutions and governance," African Journal of Economic and Management Studies, Emerald Group Publishing Limited, vol. 15(1), pages 15-30, February.
    10. Mr. Dmitry Gershenson & Frederic Lambert & Luis Herrera & Grey Ramos & Mrs. Marina V Rousset & Mr. Jose L. Torres, 2021. "Fintech and Financial Inclusion in Latin America and the Caribbean," IMF Working Papers 2021/221, International Monetary Fund.
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    Keywords

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    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

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