Accelerating Financial Inclusion in South-East Asia with Digital Finance

Asian Development Bank Institute

Working Papers from eSocialSciences

Abstract: The research focuses on financial exclusion in three segments: base of pyramid (BoP); women; and micro, small, and medium enterprises (MSMEs). From our research, we estimate that addressing this opportunity could increase Gross Domestic Product (GDP) by between 9% and 14%, even in relatively large economies such as Indonesia and the Philippines. The potential boost to GDP is as high as 32% in Cambodia. Making the most of this opportunity could also help influence the future shape of the financial services industry, particularly in smaller markets such as Cambodia and Myanmar, where only a small percentage of the current needs for financial services are met by formal providers.

Keywords: Opportunity; regulators; public; policymaking; structural; growth; investment; mobilization; unattractive; economics; population; conflicts; political; digital; financial. (search for similar items in EconPapers)
Date: 2017-05
Note: Institutional Papers
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Citations: View citations in EconPapers (6)

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