 The Future of Financial InclusionChapter Chapter 9 in Economic Inclusion in Post-Independence Africa, 2023, pp 167-177 from Springer Abstract: Abstract This chapter provides insights into the trends to expect in the future of financial inclusion. The author identifies the past and recent changes occurring in the financial inclusion space, and based on these changes, makes predictions about what to expect in the future of financial inclusion. The author predicts that, in the future, financial inclusion will witness increased digitalization; increased personalization of formal financial services; the provision of a wide range of formal financial services from a single platform; a shift from account numbers to a mobile numbers to drive financial inclusion; more women will become financially empowered and financially independent; the government will become more directly involved in delivering basic financial services to the poor; and the emergence of new financial innovations that continuously reduce transaction cost. These future trends will have implications for financial inclusion in Asia, Europe, and particularly in Africa where the level of financial inclusion is relatively low. Keywords: Financial inclusion; Digital finance; Fintech; Access to finance; Central bank digital currency; Women (search for similar items in EconPapers) There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it. Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:spr:aaechp:978-3-031-31431-5_9 Ordering information: This item can be ordered from DOI: 10.1007/978-3-031-31431-5_9 Access Statistics for this chapter More chapters in Advances in African Economic, Social and Political Development from Springer |
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