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Digital Technologies and Financial Inclusion in Sub-Saharan Africa

Jean-Claude Kouladoum (), Wirajing Kindzeka and Tii Nchofoung
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Jean-Claude Kouladoum: University of Moundou, Chad

No 22/034, Working Papers of the African Governance and Development Institute. from African Governance and Development Institute.

Abstract: The study investigates the digital technology-financial inclusion nexus in 43 Sub-Saharan African countries between 2004 and 2019. The methodologies are the Generalized Method of Moment (GMM) to take care of double causality and country heterogeneity and IV-Tobit to take into account the limited range in the dependent variables. At all levels, digital technology measured by ICT indicators of the subscription rate of fixed and mobile telephone users, fixed broadband, internet users and a composite indicator of digitalization have positive significant effects on financial inclusion. A further robustness check is conducted by computing a composite indicator of financial inclusion to determine how it is affected by digital technology. The findings indicate that the rate of financial inclusion in Sub Saharan Africa rises with increasing digital technologies. There should be more investments in terms of promoting financial and technological infrastructures and also in the human capital sector since financial literacy can play an important part in promoting financial stability and inclusive finance in Africa.

Keywords: Digital Technologies; Financial inclusion; Sub Saharan Africa (search for similar items in EconPapers)
Pages: 36
Date: 2022-01
New Economics Papers: this item is included in nep-fle, nep-ict and nep-pay
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Forthcoming: Telecommunications Policy

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http://www.afridev.org/RePEc/agd/agd-wpaper/Digita ... b-Saharan-Africa.pdf Revised version, 2022 (application/pdf)

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Journal Article: Digital technologies and financial inclusion in Sub-Saharan Africa (2022) Downloads
Working Paper: Digital Technologies and Financial Inclusion in Sub-Saharan Africa (2022) Downloads
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