Impact of digital finance on financial inclusion and stability

By Peterson K. Ozili. Borsa Istanbul Review, 2018

1,756 citations recorded by the source corpus.

This article provides a discussion on some issues associated with digital finance – an area which has not been critically addressed in the literature. Digital finance and financial inclusion has several benefits to financial services users, digital finance providers, governments and the economy; notwithstanding, a number of issues still persist which if addressed can make digital finance work better for individuals, businesses and governments. The digital finance issues discussed in this article are relevant for the on-going debate and country-level projects directed at greater financial inclusion via digital finance in developing and emerging economies.

Subfields: Accounting, Economics and Econometrics, Management Information Systems

View Paper: https://www.semanticscholar.org/paper/50a04fed733b7edfa8bde796b118c9691b1abd7f

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Citations in the corpus

Has Digital Financial Inclusion Narrowed the Urban-Rural Income Gap: The Role of Entrepreneurship in China (2021, background): “Digital technology can alleviate the service barriers faced by traditional finance, such as information asymmetry, high transaction cost, behavior deviation and lack of competition [37], which is inherently inclusive.”
The impact of digital finance on household consumption: Evidence from China (2020, background): “Ozili (2018) argued that digital finance has a positive effect on financial inclusion and stability.”
Banking stability determinants in Africa (2018, neutral): “Peterson K Ozili 2018 To cite: Ozili P.K. (2018).”
Financial inclusion research around the world: A review (2020, positive): “…a & Weill, 2015; Mitton, 2008), achieving financial inclusion through microfinancing and financial institutions (Ghosh, 2013; Marshall, 2004), and the role of financial innovation and technology in promoting financial inclusion (Donovan, 2012; Gabor & Brooks, 2017; Ozili, 2018, 2019), among others.”
The Impact of Financial Inclusion on Economic Growth, Poverty, Income Inequality, and Financial Stability in Asia (2020, background): “Hanning and Jansen (2010), Prasad (2010), Morgan and Pontines (2014), Dienillah and Anggraeni (2016), Ozili (2018), Neaime and Gaysse (2018), and Ahamed and Mallick (2019) found that financial inclusion positively influences financial stability.”
Local Bank, Digital Financial Inclusion and SME Financing Constraints: Empirical Evidence from China (2021, background): “Furthermore, with the development of digital financial inclusion, the costs of the banking sector are substantially lower than before, which allows banks/financial institutions to provide more products and services specially designed to suit the needs of SMEs (Ozili 2018).”
The rise of digital finance: Financial inclusion or debt trap? (2021, background): “Ozili (2018, 2020), and Xu (2017) also discuss the systemic risks imposed y digital finance on the overall finance industry.”
Impact of digital financial inclusion on ASEAN banking stability: implications for the post-Covid-19 era (2021, background): “An innovation that is thought to bring a revolutionary development in the overall financial sector (Ozili (2018) Prospects of DFI “The adoption of digital finance will have a significant impact not only on financial inclusion, but also inclusive economic growth” (6% GDP) - alleviate poverty -…”
Digital financial inclusion and economic growth: provincial data analysis of China (2021, background): “Moreover, the number of studies has acknowledged digital finance’s critical role in fostering financial inclusion services worldwide (Gabor and Brooks 2017; Ozili 2018).”
Industry 4.0 in Finance: The Impact of Artificial Intelligence (AI) on Digital Financial Inclusion (2020, positive): “Ozili (2018) went on to argue that digital ﬁnance is beneﬁcial to ﬁnancial users, providers governments and the general economy.”