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2022 | OriginalPaper | Chapter

7. Digital Financial Inclusion in the Fourth Industrial Revolution

Author : David Mhlanga

Published in: Digital Financial Inclusion

Publisher: Springer International Publishing

Abstract

This chapter discusses what it means to have digital financial inclusion in the context of the Fourth Industrial Revolution. The term “digital financial inclusion” is defined as the utilization of low-cost digital tools to offer formal financial services to demographic groups that are underserved or financially excluded. One approach to characterize it is for the excluded or underserved individuals having broad access to and usage of formal financial services through digital means. This chapter is premised on the assumption that talks about how to encourage those at the base of the economic pyramid to engage in the financial activity must increasingly address the importance of digital financial inclusion. This idea is the premise upon which this chapter is built. The chapter goes into detail about the tools and the many different components of digital financial inclusion. It also goes over the many instruments that are used for digital financial inclusion. The chapter discusses not only the function of digital financial services but also the providers of those services.

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previous chapter The Funding Theories of Financial Inclusion in the Context of the Fourth Industrial Revolution

next chapter The Transition from an Informal Financial Money Market to a Formal Financial System Through Digital Financial Inclusion

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Title: Digital Financial Inclusion in the Fourth Industrial Revolution
Author: David Mhlanga
Publisher: Springer International Publishing
Book: Digital Financial Inclusion
Print ISBN: 978-3-031-16686-0

Electronic ISBN: 978-3-031-16687-7

Copyright Year: 2022
DOI: https://doi.org/10.1007/978-3-031-16687-7_7