Digital Finance, Financial Inclusion, and Economic Growth

Advances in finance, accounting, and economics book series, Journal Year: 2025, Volume and Issue: unknown, P. 281 - 306

Published: Jan. 8, 2025

It is essential for an economy to have well and developed financial system its population since access formal finance reduces poverty increases economic growth. This chapter, therefore, empirically investigates the link between various channels of digital finance, inclusion (FI) impact on growth in Bangladesh. Secondary data collected from World Bank International Monetary Fund (IMF). To formulate econometric model, autoregressive distributed lag (ARDL) model error correction (ECM) are performed. Besides, check order Augmented Dicky Fuller (ADF) Philipe-Perron tests implemented. Empirical results disclose interesting findings that a good number FI indicators positive association with development both short long-run As more encourages people become financially educate thereby promote sound infrastructure economy, suggest deepening structure through promotion nationwide services.

Language: Английский

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The role of Islamic FinTech in digital financial inclusion and sustainable development post covid-19: cross-country analysis

International Journal of Islamic and Middle Eastern Finance and Management, Journal Year: 2025, Volume and Issue: unknown

Published: Jan. 31, 2025

Purpose This study aims to analyze how the COVID-19 pandemic has altered role of Islamic finance (IF) sector in economy and technological developments IF can enhance its functioning contribution sustainable development post-pandemic era. It examines impact on traditional financial inclusion pre- post-COVID-19. Furthermore, response acceleration technologies following pandemic, explores FinTech Digital Financial Inclusion (DFI) and, consequently, (SD). Design/methodology/approach A cross-sectional multiple regression analysis is conducted examine post-COVID-19 years 2017 2021 for 64 countries. Moreover, a structural equation model (SEM) used by using cross-section data countries year capture SD through DFI as an intermediator. Findings positive significant pre-COVID-19. On contrary, it insignificant post due slow-down development. Alternatively, hence, SD. These results indicate that negatively affected pandemic. However, still opportunity shift more resilient introducing innovations allow cope with global current changes. Research limitations/implications research some limitations could be addressed future studies. First, empirical restricted analyses compare are chosen based from Global Development Database, which collected World Bank released every three years, latest update 2021. Second, this uses one measure each DFI. further investigated indicators or constructing index variable. Practical implications presents several practical implications, particularly ability provide access services while adhering Shariah principles. fosters inclusive ecosystem offering cost-effective, ethical transparent products tailored diverse populations significantly contribute inclusion, especially Muslim-majority promotes gender equality improving resources services, enhances subsequently drives expansion hence supports SDGs. Third, growth SMEs providing Shariah-compliant financing alternatives. Originality/value paper’s originality lies comparison plays post-COVID-19, analysis, contrasts other studies use theoretical analysis. bridges gap literature extending integrate digital into sector, (GIFT) various aspects conducting SEM SD, serving

Language: Английский

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Environmental Externalities of Digital Financial Inclusion: a Green Growth perspective

Discover Sustainability, Journal Year: 2025, Volume and Issue: 6(1)

Published: Feb. 11, 2025

Language: Английский

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Agile mindset and digital innovation: creative centrality, fintech usage, financial literacy, and the “not-invented-here” syndrome

Management Decision, Journal Year: 2025, Volume and Issue: unknown

Published: April 9, 2025

Purpose Many family-owned small businesses (F-OSBs) struggled to digitalize their operations and achieve digital innovation performance during the COVID-19 pandemic, leading significant hardships setbacks. In this paper, we investigate how an agile mindset in descendant entrepreneurs promotes F-OSBs through mediating role of creative centrality fintech usage. We also examine financial literacy moderates link between innovative behaviors usage; “not-invented-here” syndrome (NIHS) association usage, ultimately impacting F-OSBs. Design/methodology/approach Primary data from 226 predecessors were analyzed using partial least squares structural equation modeling (PLS-SEM). Findings The findings revealed that usage mediate relationship Financial does not moderate but presence NIHS predecessor entrepreneur behavior (fintech centrality) performance. Research limitations/implications This study has several limitations provide opportunities for future research. First, used cross-sectional data, which limits ability establish causal relationships variables. Second, use PLS-SEM may introduce issues such as random sampling errors, model specification other statistical limitations. Third, although took proactive initiatives tackle subjective biases scales, research should employ scales lean more towards objective evaluation measurement. Fourth, focused on retail industry, hence could explore applicability these industries or types business. Practical implications Overall, practical highlight importance fostering mindset, promoting literacy, addressing obstacles caused by NIHS, encouraging alongside technologies Implementing suggestions lead improved Social examines moderating entrepreneurs’ interaction provides a nuanced understanding factors work together stimulate maximize impact Originality/value Based knowledge-based view theory, takes novel approach investigating mindsets, performance, boundary conditions NIHS.

Language: Английский

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Unveiling Challenges: The Power of Global Financial Inclusion

Published: Jan. 1, 2025

Language: Английский

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The Coupling and Coordination Degree of Digital Business and Digital Governance in the Context of Sustainable Development

Information, Journal Year: 2023, Volume and Issue: 14(12), P. 651 - 651

Published: Dec. 6, 2023

The inexorable march of technological advancement, particularly within the digital domain, continues to exert a profound influence on global economies, societies, and governance frameworks. This paper delves into intricate coordination between business against backdrop sustainable development. By introducing an index system gauge levels governance, this study assesses their coupling using model. Through level coordination, respective contributions development objectives EU countries through panel-corrected standard error (PCSE) estimates. paper’s findings underscore several key conclusions: (1) Notable upswings are evident in composite indices for growth. Among these, has demonstrated most pronounced surge. Furthermore, experienced distinct upward trajectory recent years. (2) Although observable, rise degree is restrained, with overall that remains relatively low. progression transitioned from stage low-degree primary coupling, demonstrating fluctuating rising trends degrees, marked by conspicuous regional disparities. (3) Over examined period, extent substantially impacts Sustainable Development Goals (SDG) index. Focusing interplay harmonization offers novel pathway toward attaining Goals.

Language: Английский

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Fintech adoption and sustainable deployment of natural resources: Evidence from mineral management in Brazil

Resources Policy, Journal Year: 2024, Volume and Issue: 99, P. 105411 - 105411

Published: Nov. 18, 2024

Language: Английский

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Mobile banking services and financial inclusion among customers of commercial banks: Evidence from an emerging economy

Business Strategy & Development, Journal Year: 2024, Volume and Issue: 7(4)

Published: Nov. 22, 2024

Abstract The study is set against the backdrop of rapid technological advancements in banking sector, specifically adoption mobile banking. Over last three decades, industry Ghana, like many others emerging economies, has transitioned from traditional, branch‐based services to more automated and digital solutions. This transformation been largely driven by increasing internet penetration, phone adoption, need reach underserved populations. Despite these advances, a significant proportion population remains financially excluded, with limited access formal financial services. Thus, offers an opportunity enhance inclusion, particularly for marginalised communities Ghana. aims investigate factors influencing assess how they impact inclusion among customers commercial banks economy. through use structured questionnaire gathered 65 primary data managers supervisors within 13 employed purposive sampling technique select whilst using convenience gather banks. results show that transfer negative relationship but account management positive inclusion. Furthermore, depict Mobile payment have no relationship. Policy development should focus on unbanked individuals, enabling Commercial innovate money connections expand motivation technical provide value‐added improve services, ultimately promoting shed light transfer, payment, further provides implications policymakers sub‐Saharan Africa.

Language: Английский

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Cybersecurity and Ensuring Privacy in Digital Finance

Emerald Publishing Limited eBooks, Journal Year: 2025, Volume and Issue: unknown, P. 157 - 170

Published: Feb. 12, 2025

Language: Английский

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Fintech and Financial Inclusion—A Review of Risk Management Strategies

Published: Jan. 1, 2025

Language: Английский

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