Ict Financial Inclusion And Growth
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Ict Financial Inclusion And Growth
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Author : Mr.Kangni Kpodar
language : en
Publisher: International Monetary Fund
Release Date : 2011-04-01
Ict Financial Inclusion And Growth written by Mr.Kangni Kpodar and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2011-04-01 with Business & Economics categories.
This paper studies the impact of information and communication technologies (ICT), especially mobile phone rollout, on economic growth in a sample of African countries from 1988 to 2007. Further, we investigate whether financial inclusion is one of the channels through which mobile phone development influences economic growth. In estimating the impact of ICT on economic growth, we use a wide range of ICT indicators, including mobile and fixed telephone penetration rates and the cost of local calls. We address any endogeneity issues by using the System Generalized Method of Moment (GMM) estimator. Financial inclusion is captured by variables measuring access to financial services, such as the number of deposits or loans per head, compiled by Beck, Demirguc-Kunt, and Martinez Peria (2007) and the Consultative Group to Assist the Poor (CGAP, 2009). The results confirm that ICT, including mobile phone development, contribute significantly to economic growth in African countries. Part of the positive effect of mobile phone penetration on growth comes from greater financial inclusion. At the same time, the development of mobile phones consolidates the impact of financial inclusion on economic growth, especially in countries where mobile financial services take hold.
Digitalization And Economic Development
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Author : Mohamed Sami Ben Ali
language : en
Publisher: Taylor & Francis
Release Date : 2022-06-09
Digitalization And Economic Development written by Mohamed Sami Ben Ali and has been published by Taylor & Francis this book supported file pdf, txt, epub, kindle and other format this book has been release on 2022-06-09 with Business & Economics categories.
This book analyses the impact of Information and Communication Technologies (ICTs) on economic development. It contains theoretical and empirical studies, including panel studies on various issues facing developing countries, such as education, corruption, economic growth, government expenditure, financial inclusion, foreign direct investment, infrastructure, economic and social welfare, and inequality. Each chapter offers a well-conceived analysis of the most recent trends in both theory and empirics and addresses numerous policy implications related to the different aspects dealt with in the volume. Overall, this book will be an excellent guide for global graduate students at the Master and PhD levels, as well as academics researching various issues related to economic development while analyzing the role of ICTs. It also addresses numerous policy implications related to economic development for policymakers, investors and stakeholders.
Information And Communication Technology Ict
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Author : Madhulika Bhargava
language : en
Publisher:
Release Date : 2015
Information And Communication Technology Ict written by Madhulika Bhargava and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2015 with categories.
Over the past decade, India has enjoyed strong economic growth and prosperity. Its gross domestic product (GDP) has averaged high growth year on year for the past few years, earning a reputation as an emerging economic power. India is now the world's 12th-largest economy and third in terms of purchasing power parity (PPP), which is largely due to the increase in the size of its middle class consumer population. There are twice as many billionaires in India than in Japan and as many as in Germany, second only to the United States.
Revolutionizing Customer Centric Banking Through Ict
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Author : Singh, Dharmendra
language : en
Publisher: IGI Global
Release Date : 2024-04-16
Revolutionizing Customer Centric Banking Through Ict written by Singh, Dharmendra and has been published by IGI Global this book supported file pdf, txt, epub, kindle and other format this book has been release on 2024-04-16 with Business & Economics categories.
Many developing countries face a significant challenge: their population needs access to essential financial services. This financial exclusion limits their ability to save, invest, and participate fully in the economy. Despite the rapid advancements in information and communication technology (ICT), millions of people remain underserved by traditional banking systems. Revolutionizing Customer-Centric Banking Through ICT addresses this critical issue by exploring how ICT innovations can revolutionize financial services in developing countries. By offering a comprehensive review of digital transformation in banking, the book highlights the potential of mobile banking, digital payment systems, and blockchain technology to bridge the financial inclusion gap. It showcases real-world examples and cutting-edge strategies, motivating entrepreneurs, financial institutions, and policymakers to embrace technology-driven financial solutions. The book also aims to educate readers about the transformative impact of ICT on financial services, empowering them to make informed decisions to enhance their economic well-being.
Is Digital Financial Inclusion Unlocking Growth
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Author : Purva Khera
language : en
Publisher: International Monetary Fund
Release Date : 2021-06-11
Is Digital Financial Inclusion Unlocking Growth written by Purva Khera and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2021-06-11 with Business & Economics categories.
Digital financial services have been a key driver of financial inclusion in recent years. While there is evidence that financial inclusion through traditional services has a positive impact on economic growth, do the same results carry over for digital financial inclusion? What drives digital financial inclusion? Why does it advance more in some countries but not in others? Using new indices of financial inclusion developed in Khera et. al. (2021), this paper addresses these questions for 52 developing countries. Using cross-sectional instrument variable procedure, we find that the exogenous component of digital financial inclusion is positively associated with growth in GDP per capita during 2011-2018, which suggests that digital financial inclusion can accelerate economic growth. Fractional logit and random effects empirical estimation identifies access to infrastructure, financial and digital literacy, and quality of institutions as key drivers of digital financial inclusion. These findings are then used to help inform policy recommendations in areas related to the digitization of financial services to promote financial inclusion.
Internet And Communication Technology Development Digital Payment And Global Financial Inclusion A Cross Country Analysis Using Panel Data
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Author : Chenming Ran
language : en
Publisher:
Release Date : 2020
Internet And Communication Technology Development Digital Payment And Global Financial Inclusion A Cross Country Analysis Using Panel Data written by Chenming Ran and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2020 with Public policy categories.
Digitalization is viewed as a promising solution to address global financial inclusion – a core topic of economic development and poverty reduction. While traditional financial institutions are not fully capable of providing financial services to low-income populations, digital payment can potentially leverage alternative data for credit scoring, reduce the need for physical infrastructure, and provide affordable transaction services. Internet and Communication Technology (ICT) development, represented by access to mobile phone and internet, provides basis for applying digital payment and thus determines the level of financial inclusion. This paper analyzes to what extent individual access to ICT infrastructure impacts the level of financial inclusion. Using panel data of 189 countries and 12 years from 2005 to 2017, this paper applies fixed-effects regression to test the role of mobile subscription and internet access in predicting 1) deposit accounts, 2) loan accounts, 3) outstanding deposits and 4) outstanding loans at commercial banks, along with control factors of bank overhead cost, income, education, urban population, remittance, inflation, government effectiveness, political stability and the rule of law. As a result, the paper found strong positive effects of ICT development on financial inclusion: higher levels of mobile penetration and internet coverage are associated with higher number of bank accounts, as well as more deposits and loans taken from commercial banks. A close focus on developing countries also yield similar results, despite a higher weight on inflation control and regulation to stimulate the use of financial services. The finding supports that countries should prioritize ICT infrastructure for financial inclusion, in order to improve economic wellbeing of ordinary people. The paper also emphasizes the importance of stabling and government regulatory quality along with investments to extend financial services.
The Digital Disruption Of Financial Services
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Author : Ewa Lechman
language : en
Publisher: Routledge
Release Date : 2021-11-29
The Digital Disruption Of Financial Services written by Ewa Lechman and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2021-11-29 with Business & Economics categories.
This book contributes to the present state of knowledge, offering the reader broad evidence on how new digital technologies impact financial systems. It focuses on both macro- and micro-perspectives of ICT influence on financial markets. The book demonstrates how ICT can impact trading systems or information systems, which are crucial for financial systems to work effectively. It also shows how individuals can benefit from the adoption of digital technologies for everyday financial (e.g., banking) systems usage. The book provides empirical evidence of how digital technologies revolutionize the banking sector and stock exchange trading system and explores the associations between technology and various aspects of firms’ functioning. Furthermore, it raises elements of financial inclusion, ICT-based microfinance service and finance-related gender issues. The principal audience of the book will be scholars and academic professionals from a wide variety of disciplines, particularly in the fields of finance and economics. It will be especially useful for those who are addressing the issues of new technologies and the financial markets, FinTech, financial innovations, stock markets, and the role of technological progress in a broadly defined socio-economic system. It will be a valuable source of knowledge for graduate and postgraduate students in economic and social development, information and technology, worldwide studies, social policy or comparative economics.
Enhancing Financial Inclusion Through Islamic Finance Volume I
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Author : Abdelrahman Elzahi Saaid Ali
language : en
Publisher: Springer Nature
Release Date : 2020-07-01
Enhancing Financial Inclusion Through Islamic Finance Volume I written by Abdelrahman Elzahi Saaid Ali and has been published by Springer Nature this book supported file pdf, txt, epub, kindle and other format this book has been release on 2020-07-01 with Business & Economics categories.
This book, the first of two volumes, highlights the concept of financial inclusion from the Islamic perspective. An important element of the Sustainable Development Goals (SDGs), financial inclusion has been given significant prominence in reform and development agendas proposed by the United Nations and G-20. The significance of Islamic financial inclusion goes beyond improved access to finance to encompass enhanced access to savings and risk mitigation products, as well as social inclusion that allows individuals and companies to engage more actively in the real economy. It represents one of the important drivers of economic growth. Gender disparity exists within financial access and its extent varies widely across world economies. South Asia, the Middle East and North Africa have the largest gender gaps, with women in these regions being forty per cent less likely than men to have a formal account at a financial institution. Analysing how Islamic financial inclusion can empower individuals, this volume explores the contribution of Islamic microfinance in achieving SDGs and solving income and wealth inequality. Comprising a combination of empirical evidence, theory and modelling, this edited collection illustrates how to improve access to finance, making it essential reading for those researching both Islamic finance and development finance.
Ict As A Driver Of Women S Social And Economic Empowerment
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Author : Dhaundiyal, Pankaj
language : en
Publisher: IGI Global
Release Date : 2023-04-05
Ict As A Driver Of Women S Social And Economic Empowerment written by Dhaundiyal, Pankaj and has been published by IGI Global this book supported file pdf, txt, epub, kindle and other format this book has been release on 2023-04-05 with Technology & Engineering categories.
The role of information and communication technologies as a tool for development has attracted the sustained attention of various agencies worldwide. If the gender dimensions of information and communication technologies—in terms of access and use, capacity-building opportunities, employment, and potential for empowerment—are explicitly identified and addressed, information and communication technologies can be a powerful catalyst for the political and social empowerment of women and the promotion of gender equality. ICT as a Driver of Women’s Social and Economic Empowerment contributes to the growing body of literature and present state of knowledge by offering evidence on how new information and communication technologies impact women’s economic and social empowerment and overall welfare creation leading to inclusive growth. Covering key topics such as economics, entrepreneurship, digital technologies, and inclusion, this premier reference source is ideal for industry professionals, policymakers, administrators, business owners, managers, researchers, academicians, scholars, practitioners, instructors, and students.
Ict Interventions For Financial Inclusion In India
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Author : Rafiya Rizvi
language : en
Publisher:
Release Date : 2016
Ict Interventions For Financial Inclusion In India written by Rafiya Rizvi and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2016 with categories.
India, a billion plus population nation is growing leaps and bounds and is developing at very fast pace. But the growth will remain lopsided and uneven if it benefits only a few sections of the society and remains socially exclusive. The imperative is in a holistic and socially inclusive growth which ensures plethora of benefits to a billion plus population of India. To ensure a socially inclusive growth and for its measures to reach various segments of society, Government of India envisaged provision of bank account to each and every citizen of India. To ensure the efficacy of this growth model, Government of India devised 'JAM Trinity Model' i.e. J - Jan Dhan Yojna; A - Aadhar Card; M - Mobile phone based solutions. Banking system in India is encouraging usage of ICT based solutions and disruptive technologies to give a push to last mile banking program. Banks have started using Near Field Communication (NFC) technology, Talking ATMs for specially able and have launched online payment wallets and various mobile based solutions and application for uninterrupted, 24x7 banking experience. Thus, the paper conceptually analyses the JAM trinity model and role of ICT in ensuring the success of financial inclusion in India.