The effect of financial technology on financial inclusion in Ethiopia during the digital economy era
Bibliographic Data
| ID | 22109802 |
|---|---|
| Authors | Mesfin Menza (Arba Minch University), Wondwossen Jerene (0000-0002-8017-1023, Arba Minch University, corresponding author), Mubarek Oumer (Arba Minch University) |
| Year | 2024 |
| Volume | 10 |
| Issue | 1 |
| Publication date | 2024-12-31 |
| Peer Reviewed | Yes |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | Cogent Social Sciences (JOURNAL) |
| Journal identifiers | ISSN: 2331-1886 • E-ISSN: 2331-1886 |
| Publisher | Informa UK Limited (PUBLISHER • GB) |
| DOI | 10.1080/23311886.2024.2309000 |
| OpenAlex | W4391719175 |
| Language | EN |
| Citations received | 2 |
| References cited | 59 |
The digital economy is overwhelming the whole world and expected to help the socio-economic enhancement especially in the developing countries. The banking industry is significantly investing on introducing financial technologies especially in developing countries like Ethiopia ultimately to achieve financial inclusion goals. Hence, this study was aimed to investigate the effect of financial technology (Fintech) for financial inclusion in Ethiopia during this digital economic era. For this purpose, secondary data was collected from nine commercial banks (panel units) from the year 2015 to 2020. The random effect model was applied to estimate the effect of explanatory variables on the variable of interest based on Hausman test results and after testing all possible assumptions of the model. Accordingly, the finding revealed that ATM, mobile banking, POS, and agent banking were found to have statistically significant positive effect on financial inclusion. The authors suggested that increasing the adoption of digital financial technologies (Fintechs) in the rural and urban area would positively contribute for ensuring financial inclusion strategies of policy makers and banking practitioners
Business · Economics · Economy · Financial inclusion · Financial services · Financial system · Economic Growth and Development · FinTech, Crowdfunding, Digital Finance · Microfinance and Financial Inclusion · Finance
The General Theory of Employment, Interest, and Money
Financial Inclusion and Inclusive Growth
Agency Theory
The determinants of financial inclusion in Africa
Measuring Financial Inclusion
Fintech, regulatory arbitrage, and the rise of shadow banks
Financial inclusion, mobile money, and individual welfare
Understanding the greater diffusion of mobile money innovations in Africa
From Fintech to Finlife
Werner’s Typology of Banking Theories
Does financial literacy improve financial inclusion? Cross country evidence
Access to Finance in Sub-Saharan Africa
Female financial inclusion and its impacts on inclusive economic development
Microfinance, financial inclusion and ICT
The digital revolution in financial inclusion
Assessing the impact of mobile money on improving the financial inclusion of Nairobi women
| Unique citing works | 2 |
|---|---|
| Citations per year | 1 |
| Citation span | 2024 - 2025 (2) |
| Citation velocity | recent |
| Highly cited | No |
| Citation types | Neutral: 2 |