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Cited by 2,133FinTech, Crowdfunding, Digital FinanceMicrofinance and Financial InclusionDigital Transformation in Financial Services

Impact of digital finance on financial inclusion and stability

Open access
Ozili, Peterson K.·2018·Borsa Istanbul Review
DOI 10.1016/j.bir.2017.12.003
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Abstract

This article provides a discussion on some issues associated with digital finance – an area which has not been critically addressed in the literature. Digital finance and financial inclusion has several benefits to financial services users, digital finance providers, governments and the economy; notwithstanding, a number of issues still persist which if addressed can make digital finance work better for individuals, businesses and governments. The digital finance issues discussed in this article are relevant for the on-going debate and country-level projects directed at greater financial inclusion via digital finance in developing and emerging economies.

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Crossref · 10.1016/j.bir.2017.12.003

Cites

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  • Digital finance enables banks and financial institutions to enlarge client numbers and diversify or increase financial products and services without proportionately investing in branches and staff.

    “Digital finance enables banks and financial institutions significantly enlarging their client numbers and diversifying/increasing financial products and services without the need of investing proportionately in branches and staff.”

    From Local Bank, Digital Financial Inclusion and SME Financing Constraints: Empirical Evidence from China (2022) · cites this paper as Ozili 2018

    Section 3.7 says banks and other providers use digital services to reach new customers; sections 2.1.2 and 2.2.2 describe access to diverse financial products and lower bank costs through fewer branches. The copy does not establish that banks can diversify their own offerings or expand without proportionately increasing staff. (LLM, conf=0.84)

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Cites

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Research works printed but not linked: 3

  1. Caruana, J. (2016). Financial inclusion and the fintech revolution: Implica- tions for supervision and oversight. Conference remarks at the third GPFI- FSI conference on standard-setting Bodies and innovative financial in- clusion -"new frontiers in the supervision and oversight of digital finan- cial services", 26 October, Basel.
  2. Khan, H. R. (2011). Financial inclusion and financial stability: are they two sides of the same coin. Speech at BANCON. BIS Working Paper. Available: http://www.bis.org/review/r111229f.pdf.
  3. Ozili is a published author in several finance and accounting journals hosted by Elsevier, Emerald and Taylor and Francis. Ozili's research interests cover a number of issues including financial regulation, capital markets, bank financial reporting, financial inclusion, financial economics and empirical banking.

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Authors
Ozili, P. K.
Affiliations
University of Essex (GB)
Corresponding author
Ozili, Peterson K.
ORCID
Ozili, Peterson K.
Venue
Borsa Istanbul Review
Publisher
Elsevier BV
Published
2018-12
Volume
18
Issue
4
Pages
329-340
ISSN
2214-8450 (ISSN-L)
DOI
10.1016/j.bir.2017.12.003
OpenAlex
W2788597170
Cited by
2,133
References
15
Citations by year
2026: 371 · 2025: 371 · 2024: 391 · 2023: 397 · 2022: 281 · 2021: 167 · 2020: 108 · 2019: 39 · 2018: 7
FWCI
121.11
Type
journal article
Language
en
Open access
Licence
Locations
  • Borsa Istanbul Review (publishedVersion, cc-by-nc-nd)
  • DOAJ (DOAJ: Directory of Open Access Journals) (submittedVersion)
Topics
  • Social Sciences › Business, Management and Accounting › Management Information Systems › FinTech, Crowdfunding, Digital Finance
  • Social Sciences › Economics, Econometrics and Finance › Economics and Econometrics › Microfinance and Financial Inclusion
  • Social Sciences › Economics, Econometrics and Finance › General Economics, Econometrics and Finance › Digital Transformation in Financial Services
Keywords
digital finance, financial inclusion, financial stability, developing countries, emerging markets, digital financial services, financial inclusion policy

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