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Who loses in financial inclusion?

Peterson K Ozili

MPRA Paper from University Library of Munich, Germany

Abstract: Financial inclusion involves the provision of basic formal financial services to members of society. Policy efforts and collaboration with the private sector have helped to increase the level of financial inclusion in many countries. Such efforts give rise to net winners and net losers from financial inclusion efforts. This paper identifies the net losers from financial inclusion efforts. The lesson we learn from the net losers identified in this study is that being ‘banked’ is only a necessary condition to enjoy the benefits of financial inclusion. Being ‘banked’ is not a sufficient condition to enjoy the benefits of financial inclusion. We learn that a banked adult can be a net loser from financial inclusion despite being banked. This has wider implications for understanding the challenges to sustained financial inclusion.

Keywords: financial inclusion; banked adults; losers; access to finance (search for similar items in EconPapers)
JEL-codes: G21 I31 I38 (search for similar items in EconPapers)
Date: 2023-01-01
New Economics Papers: this item is included in nep-fle, nep-mfd and nep-pay
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:116406

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