Description

• Title:
  IMPACTS OF FINTECH ON FINANCIAL INCLUSION: THE CASE OF SUB-SAHARAN AFRICA
• Creator:
  Wulli Faustin Djoufouet;
  Thierry Messie Pondie
• Description:
  The objective of this paper is to determine the impact of FinTech on the financial inclusion of populations in sub-Saharan Africa where financial education is still low. To do so, data were collected on a sample of 35 countries over a period from 2011 to 2020. Estimates were made using two-stage least squares models and the Lewbel 2LS model. It is clear from the results that fintech contributes significantly to the financial inclusion of people in sub-Saharan Africa. Mobile phone ownership facilitates the use of financial services. It is noted that a 1% increase in the number of people using a phone would contribute to a 0.67% increase in the financial inclusion rate. The Driscoll-Kraay technique consolidated these results by showing that with 1% of people having access to fintech tools, there is an improvement in the financial inclusion rate of about 0.70%.
• Object availability:
  free access
• Rights: https://creativecommons.org/licenses/by-nd/4.0
• Date:
  2023.07.19
• Type:
  info:eu-repo/semantics/article;
  info:eu-repo/semantics/publishedVersion
• Language:
  English
• Source:
  Copernican Journal of Finance & Accounting; Vol. 11 No. 4 (2022); 69-88;
  Copernican Journal of Finance & Accounting; Tom 11 Nr 4 (2022); 69-88;
  2300-3065;
  2300-1240
• Format:
  application/pdf
• Publisher:
  Uniwersytet Mikołaja Kopernika w Toruniu
• Relation: https://apcz.umk.pl/CJFA/article/view/45177/36084
• Subject:
  FinTech;
  financial inclusion;
  Lewbel 2SLS
• Identifier: https://apcz.umk.pl/CJFA/article/view/45177
• Data provider:
  Akademicka Platforma Czasopism
• Can I use it?:
  check license
• Type:
  text