Banking on Technology for Financial Inclusion

Alberto Chong

Chapter 3 in Development Connections, 2011, pp 69-104 from Palgrave Macmillan

Abstract: Abstract Almost everyone in advanced economies has a bank account—90 percent of households to be more precise. But it isn’t that way everywhere in the world. In the average Latin American and Caribbean country, only 35 percent of households have a bank account.1 Meanwhile, firms in the region consistently point to problems accessing credit as a major obstacle to their development. According to the World Bank Enterprise Surveys (World Bank, 2010b), Latin American enterprises rank access to credit third on a list of constraints to their growth, behind high informal employment and political instability.

Keywords: Cell Phone; Total Factor Productivity; Financial Service; Bank Account; Financial Inclusion (search for similar items in EconPapers)
Date: 2011
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DOI: 10.1057/9780230118379_3

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