The Journey to Financial Inclusion in Malawi- What Does the Future Hold?

Byson Beracah Majanga
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Byson Beracah Majanga: Faculty of Commerce, University of Malawi, The Polytechnic, Malawi

International Journal of Economics and Financial Research, 2016, vol. 2, issue 9, 169-175

Abstract: The paper analyses the history and current status of financial inclusion in Malawi and its associated impact on individual, societal, and overall nation development. Through a review of past literature on financial inclusion and a survey on individuals’ opinions on financial services availability and affordability, the study reveals that financial inclusion has a direct relationship with economic performance and that individual economic independence, financial literacy, and accessibility play crucial roles in determining the levels of financial inclusion in an economy.

Keywords: Financial inclusion; Mobile money; Financial services. (search for similar items in EconPapers)
Date: 2016
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Persistent link: https://EconPapers.repec.org/RePEc:arp:ijefrr:2016:p:169-175

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