Dynamics of Digital Finance and Financial Inclusion Nexus in Sub-Saharan Africa

Achugamonu, Bede U. and Adegbite,, Esther Olufunmilayo and Omankhanlen, A. E and Okoye, Lawrence U. and Isibor, John A (2020) Dynamics of Digital Finance and Financial Inclusion Nexus in Sub-Saharan Africa. In: 33rd International Business Information Management Association Conference, 10-11 April 2019, Granada, Spain.

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Abstract

With the revolution in the financial technology space occasioned by competition among financial market intermediaries, there is no doubt that more unbanked and under-banked citizens will be captured into the financial net of the economy. This study examined the dynamic relationship between digital finance and financial inclusion in 27 sub-Saharan African countries. Granger Error Correction Method (ECM) with General Methods of Moments (GMM) of Arellanon and Bond (1991) were used to analyze the short panel data. The study found that a positive long-run relationship exists between digital finance and financial inclusion. It therefore recommends amongst others that monetary authorities of emerging and developing economies in sub-Sahara African countries should embrace digital financial technologies by encouraging commercial banks to install more ATMs and discourage acceptance of cash payment and withdrawals within established thresholds across bank counters in their respective countries

Item Type:	Conference or Workshop Item (Paper)
Uncontrolled Keywords:	Financial inclusion, Digital Financial Technology, financial intermediation, ATMs
Subjects:	D History General and Old World > DT Africa H Social Sciences > HG Finance
Divisions:	Faculty of Law, Arts and Social Sciences > School of Management Faculty of Law, Arts and Social Sciences > School of Social Sciences
Depositing User:	Mrs Patricia Nwokealisi
Date Deposited:	21 Dec 2020 09:12
Last Modified:	21 Dec 2020 09:12
URI:	http://eprints.covenantuniversity.edu.ng/id/eprint/13791

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