FinTech-Financial Inclusion Adequacy Issues in West African Economic and Monetary Union (WAEMU)

Enjeux de l’adéquation FinTech – inclusion financière dans l’Union Économique et Monétaire Ouest Africaine (UEMOA)

Jonas Bertin Malou, Mamadou Ndione and Babacar Ndiaye
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Jonas Bertin Malou: UAM - Université Amadou Mahtar Mbow
Mamadou Ndione: CREGO - Centre de Recherche en Gestion des Organisations - Université de Haute-Alsace (UHA) - Université de Haute-Alsace (UHA) Mulhouse - Colmar - UB - Université de Bourgogne - UBFC - Université Bourgogne Franche-Comté [COMUE] - UFC - Université de Franche-Comté - UBFC - Université Bourgogne Franche-Comté [COMUE]
Babacar Ndiaye: UAM - Université Amadou Mahtar Mbow

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Abstract: The number of people without a bank account remains a real issue for financial inclusion in developing countries. FinTech development in the WAEMU appears to be a solution, particularly in the context of mobile money services. The purpose of this paper is to analyze adequacy issues between FinTech and financial inclusion in the eight WAEMU countries using a fixed-effects panel data model. The results show that financial inclusion is strongly correlated with bank interests, and that the demand for opening a bank account increases when the conditions of access are less onerous. At the same time, banks offer better terms for opening bank accounts when their margins are high. Another important finding is that access to mobile telephony and the Internet does not always guarantee access to FinTechs, a prerequisite for greater financial inclusion.

Keywords: Bank; Financial inclusion; Mobile money services; ICT; Banque; FinTech; Inclusion financière; Services d'argent mobile; TIC (search for similar items in EconPapers)
Date: 2021
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Published in Science, Technologie, Développement, 2021, 1 (1), pp.2-16. ⟨10.21494/ISTE.OP.2021.0752⟩

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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:hal-03464668

DOI: 10.21494/ISTE.OP.2021.0752

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