The determinants of financial inclusion in Africa

By Alexandra Zins, Laurent Weill. 2016

657 citations recorded by the source corpus.

The objective of this paper is to examine the determinants of financial inclusion in Africa. We use the World Bank's Global Findex database on 37 African countries to perform probit estimations. We find that being a man, richer, more educated and older favor financial inclusion with a higher influence of education and income. Mobile banking is driven by the same determinants than traditional banking. We observe that the determinants of informal finance differ from those of formal finance. Our work therefore contains findings to design policies to foster financial inclusion in African countries.

Subfields: Accounting, Economics and Econometrics, Information Systems

View Paper: https://www.semanticscholar.org/paper/40cee6c26214914f10303f660fde39c4a317a617

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Citations in the corpus

Connecting the poor: the internet, mobile phones and financial inclusion in Africa (2018, methodology): “Based on the objectives of this study, the technology acceptance model and the literature on internet, mobile phones and financial inclusion (Evans and Adeoye, 2016; Ouma et al., 2017; Lenka and Barik, 2018), the baseline model for the study is stated as:”
Financial Inclusion in Sub-Saharan Africa: Recent Trends and Determinants (2018, background): “The evidence consistently shows that younger people are less likely to have access to financial services (Efobi et al., 2014; Fungáčová & Weill, 2015; Allen et al., 2016; Soumaré, Tchana Tchana, & Kengne, 2016, &Zins & Weill, 2016).”
Bridging the financial inclusion gender gap in smallholder agriculture in Nigeria: An untapped potential for sustainable development (2020, background): “As a result the male smallholders earn higher incomes than the females which constitute some of the significant drivers of being financially included in Africa (Zins and Weill, 2016; Aterido et al. 2013).”
Financial inclusion research around the world: A review (2020, positive): “Zins and Weill (2016) examine some determinants of financial inclusion in 37 African countries, and find that being a man, richer, more educated and older is associated with greater financial”