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The FinTech-driven Approach to Financial Inclusion: A cross-sectional study of how Financial Inclusion furthers Sustainable Development in Sub-Saharan Africa

Inoussa, Hadijatou LU (2021) EKHS34 20211
Department of Economic History
Abstract
The UN 2030 agenda for sustainable development acknowledges the essential role of financial
inclusion in achieving the Sustainable Development Goals (SDGs) and reducing inequality.
African countries have made substantial progress in economic development and financial
inclusion over the last two decades, yet there is still considerable need for further development.
Financial Technology (FinTech) is a powerful force influencing the structure of financial
services in Sub-Saharan Africa (SSA). Fintech is seen as a critical enabler of financial inclusion
and viewed as a potential opportunity to deliver financial services to the millions of unbanked
across the SSA region. This paper explores the relationship between fintech, financial... (More)
The UN 2030 agenda for sustainable development acknowledges the essential role of financial
inclusion in achieving the Sustainable Development Goals (SDGs) and reducing inequality.
African countries have made substantial progress in economic development and financial
inclusion over the last two decades, yet there is still considerable need for further development.
Financial Technology (FinTech) is a powerful force influencing the structure of financial
services in Sub-Saharan Africa (SSA). Fintech is seen as a critical enabler of financial inclusion
and viewed as a potential opportunity to deliver financial services to the millions of unbanked
across the SSA region. This paper explores the relationship between fintech, financial inclusion,
economic growth and income inequality for a panel of 16 SSA countries using data from the
Financial Access Survey, the Global Findex database and the World Development Indicators
for 2014 and 2017. This study introduces three new indices of financial inclusion for 16 SSA.
The indices are used to assess the impact of fintech-driven financial inclusion on economic
growth and income inequality. The results provide evidence that fintech-driven financial
inclusion is significantly positively related with economic growth and that fintech-driven
financial inclusion reduces income inequality. (Less)
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author
Inoussa, Hadijatou LU
supervisor
organization
course
EKHS34 20211
year
type
H1 - Master's Degree (One Year)
subject
keywords
Financial Inclusion, Fintech, Sustainable Development, Inequality, Economic growth, Sub-saharan Africa
language
English
id
9056277
date added to LUP
2021-07-06 07:29:12
date last changed
2021-07-06 07:29:12
@misc{9056277,
  abstract     = {{The UN 2030 agenda for sustainable development acknowledges the essential role of financial
inclusion in achieving the Sustainable Development Goals (SDGs) and reducing inequality.
African countries have made substantial progress in economic development and financial
inclusion over the last two decades, yet there is still considerable need for further development.
Financial Technology (FinTech) is a powerful force influencing the structure of financial
services in Sub-Saharan Africa (SSA). Fintech is seen as a critical enabler of financial inclusion
and viewed as a potential opportunity to deliver financial services to the millions of unbanked
across the SSA region. This paper explores the relationship between fintech, financial inclusion,
economic growth and income inequality for a panel of 16 SSA countries using data from the
Financial Access Survey, the Global Findex database and the World Development Indicators
for 2014 and 2017. This study introduces three new indices of financial inclusion for 16 SSA.
The indices are used to assess the impact of fintech-driven financial inclusion on economic
growth and income inequality. The results provide evidence that fintech-driven financial
inclusion is significantly positively related with economic growth and that fintech-driven
financial inclusion reduces income inequality.}},
  author       = {{Inoussa, Hadijatou}},
  language     = {{eng}},
  note         = {{Student Paper}},
  title        = {{The FinTech-driven Approach to Financial Inclusion: A cross-sectional study of how Financial Inclusion furthers Sustainable Development in Sub-Saharan Africa}},
  year         = {{2021}},
}