SpringerLink
Log in

Digital Finance for Financial Inclusion and Inclusive Growth

  • Chapter
  • First Online:
Digital Transformation in Business and Society

Abstract

This research contributes to financial inclusion campaigns initiated by the World Bank as an operational solution for poverty eradication in develo** and emerging economies. The findings of this study can help policy makers to understand the issues related to the prompt expansion of digital financial services, strategies for its effective delivery to the poor and the risks involved in digital financial inclusion. Secondly, this study adds to the existing literatures on emerging digital finance and financial inclusion, which will enable academics and researchers to attend to the effects of digital financial services on financial inclusion.

This is a preview of subscription content, log in via an institution to check access.

Access this chapter

Log in via an institution

Subscribe and save

Springer+ Basic
EUR 32.99 /Month
  • Get 10 units per month
  • Download Article/Chapter or Ebook
  • 1 Unit = 1 Article or 1 Chapter
  • Cancel anytime
Subscribe now

Buy Now

Chapter
EUR 29.95
Price includes VAT (Germany)
  • Available as PDF
  • Read on any device
  • Instant download
  • Own it forever
eBook
EUR 128.39
Price includes VAT (Germany)
  • Available as EPUB and PDF
  • Read on any device
  • Instant download
  • Own it forever
Hardcover Book
EUR 171.19
Price includes VAT (Germany)
  • Durable hardcover edition
  • Dispatched in 3 to 5 business days
  • Free ship** worldwide - see info

Tax calculation will be finalised at checkout

Purchases are for personal use only

Institutional subscriptions

Similar content being viewed by others

Notes

  1. 1.

    https://www.worldbank.org/en/news/speech/2016/04/14/remarks-by-world-bank-group-president-jim-yong-kim-at-the-global-connect-initiative

  2. 2.

    Aadhaar number is a unique 12-digit biometric-based random number issued by the UIDAI (Unique Identification Authority of India) to the residents of India after satisfying the verification process and the enrolment process is totally free of cost. A permanent account number (PAN) is a unique 10-digit alphanumeric number, issued by the Indian Income Tax Department, to any “person” who applies for it or to whom the department allots the number without an application and it is valid across India and is unaffected by a change of name, address within or across states in India or other factors.

  3. 3.

    Sunil Dhawan (2017), ‘This savings account doesn’t require any minimum balance: Find out if it suits you’, article published in Economic Times, India, dated 29 September 2017.

References

  • Dhawan, S. (2017, September 29). This savings account doesn’t require any minimum balance: Find out if it suits you. Economic Times, India.

    Google Scholar 

  • Gabor, D., & Brooks, S. (2017). The digital revolution in financial inclusion: International development in the fintech era. New Political Economy, 22(4), 423–436.

    Article  Google Scholar 

  • Ghosh, S. (2016). Does mobile telephony spur growth? Evidence from Indian states. Telecommunications Policy, 40(10–11), 1020–1031.

    Article  Google Scholar 

  • Gomber, P., Koch, J. A., & Siering, M. (2017). Digital Finance and FinTech: Current research and future research directions. Journal of Business Economics, 87(5), 537–580.

    Article  Google Scholar 

  • GPFI (2010). G20 Principles for Innovative Financial Inclusion—Executive Brief. Retrieved from http://www.gpfi.org/publications/g20-principles-innovative-financial-inclusion-executive-brief

  • Hannig, A., & Jansen, S. (2010). Financial inclusion and financial stability: Current policy issues. ADBI Working Paper No. 259, Asian Development Bank Institute, Tokyo.

    Google Scholar 

  • Klapper, L., El-Zoghbi, M., & Hess, J. (2016). Achieving the sustainable development goals. The role of financial inclusion. Retrieved May 23, 2016, from http://www.ccgap.org

  • Manyika, J., Lund, S., Singer, M., White, O., & Berry, C. (2016). Digital finance for all: Powering inclusive growth in emerging economies. Washington, DC: McKinsey Global Institute.

    Google Scholar 

  • Ozili, P. K. (2018). Impact of digital finance on financial inclusion and stability. Borsa Istanbul Review, 18(4), 329–340.

    Article  Google Scholar 

  • Peake, C. (2012). New frontiers: Launching digital financial services in rural areas. In The 2012 Brookings Blum Roundtable Policy Briefs. Mercy Corps.

    Google Scholar 

  • Sarma, M. (2015). Measuring financial inclusion. Economics Bulletin, 35(1), 604–611.

    Google Scholar 

  • Siddik, M. N. A., Sun, G., & Kabiraj, S. (2015). Financial inclusion and its determinants: A study of Bangladesh. Indian Journal of Finance, 9(6), 7–29.

    Article  Google Scholar 

Download references

Author information

Authors and Affiliations

  1. Begum Rokeya University, Rangpur, Bangladesh

    Md. Nur Alam Siddik

  2. Dongbei University of Finance and Economics, Dalian, China

    Sajal Kabiraj

Authors
  1. Md. Nur Alam Siddik
    View author publications

    You can also search for this author in PubMed Google Scholar

  2. Sajal Kabiraj
    View author publications

    You can also search for this author in PubMed Google Scholar

Corresponding author

Correspondence to Md. Nur Alam Siddik .

Editor information

Editors and Affiliations

  1. Fort Hays State University, Hays, KS, USA

    Babu George

  2. University of Puerto Rico, San Juan, Puerto Rico

    Justin Paul

Rights and permissions

Reprints and permissions

Copyright information

© 2020 The Author(s)

About this chapter

Check for updates. Verify currency and authenticity via CrossMark

Cite this chapter

Siddik, M.N.A., Kabiraj, S. (2020). Digital Finance for Financial Inclusion and Inclusive Growth. In: George, B., Paul, J. (eds) Digital Transformation in Business and Society. Palgrave Macmillan, Cham. https://doi.org/10.1007/978-3-030-08277-2_10

Download citation

Publish with us

Policies and ethics

Search

Navigation