Search

Purpose: The research examines how behavioral intentions, as a higher-order construct, indirectly affect financial inclusion through service trust, usage behavior and financial literacy in mobile money adoption. Design/methodology/approach: Following the positivist research philosophy, a cross-sectional study design was used to collect data through questionnaires comprised of scales adapted from prior studies. With a usable sample size of 340 respondents, this study employs partial least squares structural equation modeling to assess the model. Findings: The study revealed the significant indirect role of behavioral intention on financial inclusion through use behavior, behavioral intentions on use behavior through service trust, and use behavior on financial inclusion through financial literacy. The role of behavioral intentions on financial inclusion through serial mediation of service trust, use behavior and financial literacy was also found to be significant. Originality/value: This study's novelty resides in examining the indirect relationship between behavioral intentions and financial inclusion, specifically via the serial mediation of service trust, use behavior and financial literacy. [ABSTRACT FROM AUTHOR]

This article discusses the issue of limited access to credit in developing countries, where over 130 million businesses and 1.4 billion individuals lack access to credit. The high costs and complexity of providing credit in these markets have resulted in limited access. The article proposes the use of predictive cash flow modeling (PCM) as a solution to assess individuals' ability to repay loans, even with limited data. PCM involves using statistical models to forecast income and expenses for specific population segments, allowing lenders to determine the appropriate amount of credit to offer. The article suggests that PCM could significantly expand credit access to those who are currently excluded. [Extracted from the article]

The article discusses the ongoing relevance of cash transactions despite the rise of fintech innovations and digital payment solutions in African societies. It highlights that cash remains the preferred method of transaction for millions of individuals, even in countries with high rates of bank account ownership. The article emphasizes the importance of providing customers with a choice between cash and digital payment options, as well as the need to build trust with older generations who may be hesitant to transition to digital transactions. Mukuru, a financial services provider, is mentioned as an example of offering products that cater to customers' preferences for cash transactions while also embracing digitization. [Extracted from the article]

Copyright of Revista Istmo is the property of Centros Culturales de Mexico, A.C. and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

The Community Reinvestment Act (CRA) has undergone a modernization, but the changes have faced resistance and confusion. The final rule, which spans 1,480 pages, has been criticized for being overly complex and burdensome. Advocates argue that the rule will address credit access inequities and improve CRA ratings for banks, while critics believe that the CRA only needed minor adjustments. The new rules introduce tests and benchmarks for banks of different sizes, and compliance is expected to be expensive. Banks anticipate increased compliance costs and potential limitations on lending in new areas, but some believe the rules will encourage more lending in underserved areas. Concerns have been raised about fair lending violations and increased data collection by regulators. Trade associations have filed lawsuits challenging the new rules in favorable court jurisdictions. Banks will need to understand and prepare for the new rules to avoid negative consequences. [Extracted from the article]

The article discusses the current state of Pakistan's economy and proposes measures to address the fiscal deficit and external debt. It highlights the need for debt rollovers and investments from friendly countries, as well as privatization of state-owned enterprises. The article also suggests increasing revenues through adjustments to the provincial financial awards and the implementation of a sukuk market. It emphasizes the importance of reducing expenditures, negotiating lower interest rates, and increasing local confidence in the Pakistani Rupee. The article concludes by calling for a national consensus on the economy to implement these recommendations. [Extracted from the article]

Mastercard and MTN Group Fintech have announced a partnership to expand the mobile money ecosystem across 13 African markets. The collaboration aims to connect millions of people and small businesses with digital tools for secure mobile payments, promoting access to the benefits of a cashless digital economy. Mastercard's technology will support MTN's goal of becoming Africa's largest fintech platform. The partnership will also strengthen local infrastructure for digital payments, support future transaction expansion, and drive financial inclusion. Additionally, the collaboration will provide remittance services and enable SMEs to access payment acceptance solutions and set up e-commerce platforms. [Extracted from the article]

The article discusses the growing movement towards cashless transactions in South Africa's township economy, valued at R750 billion. Despite the availability of banking services, cash remains the dominant form of payment, with 73% of point-of-sale transactions conducted in cash. Transitioning to a cashless society offers benefits such as enhanced safety, convenience, efficiency, cost savings, and financial transparency. Steps to facilitate this transition include addressing cost and perception issues, enhancing digital infrastructure, providing regulatory support and incentives, and promoting collaboration between various stakeholders. The success of cashless payments has also benefited South African banks. Shop2Shop is highlighted as a major player in the informal market, offering safer and more convenient card payment options. The convenience of cashless transactions has led to a boom in the informal economy, supporting small entrepreneurs and making shopping safer and more convenient for residents. The article emphasizes the potential for a broader transition to a cashless society, which can create more inclusive opportunities for small and micro businesses and stimulate economic growth. [Extracted from the article]

The article focuses on the increasing compliance burden for farmers due to the race to Net Zero, highlighting the importance of tracking and reporting carbon footprints. Topics discussed include the implementation of key policy measures globally, the role of banks in scrutinizing carbon footprints, and the development of green financing initiatives to reward environmental practices in agriculture.

Purpose: Despite extensive discussion of this topic in the life and financial transactions of people, there is a lack of empirical evidence related to challenges and opportunities of digital financial inclusion sustainability in the existing literature. Accordingly, this study aims at investigating the factors that influence the diffusion rate of digital financial services. Design/methodology/approach: In this study, the authors propose an integrated model by synthesising the extended Unified Theory of Acceptance and Use of Technology 2 (UTAUT2) with the perceived security and perceived privacy as independent variables, as well as the financial awareness as the moderator variable. The survey was distributed to the potential users of digital financial services rather than the actual users. A total of 270 responses were analysed by a quantitative method of Partial Least Squares-Structural Equation Modelling (PLS-SEM). Findings: The results indicated the significant role of the postulated hypotheses that behavioural intention to use digital financial services platforms is significantly and positively influenced by the subjective norm, performance expectancy, price value, perceived security and perceived privacy, whilst the financial awareness was found to moderate some specified relationships. Originality/value: There are few studies on this topic for the Arabian context. The information presented in this article can be useful for professionals and researchers, and further, implications of the study are discussed. [ABSTRACT FROM AUTHOR]

This article from TIME Magazine highlights the leadership and accomplishments of Thasunda Brown Duckett. Duckett, who previously worked at JPMorgan Chase, is now in a leadership role at TIAA. She is dedicated to promoting financial inclusion and helping underserved Americans achieve financial health. Duckett has also launched initiatives to support Black Americans and address retirement insecurity in the United States. The article emphasizes Duckett's impact and the importance of representation and diversity in leadership. [Extracted from the article]

The article "Unlocking the power of financial inclusion in sub-Saharan Africa" discusses the importance of inclusive development in Africa, particularly in sub-Saharan Africa, as the next economic frontier. It emphasizes the interconnectedness of African society and the need for brands and businesses to support equal opportunities for all. The text highlights initiatives by Visa, such as the Visa Everywhere Initiative and She's Next programme, to empower smallholder farmers, women entrepreneurs, and underserved communities through access to the digital economy. The article also underscores the role of education, technology, and partnerships in promoting financial inclusion, economic growth, and consumer protection in Africa. [Extracted from the article]

Ericsson and the Indian Institute of Management Bodhgaya have partnered to introduce a training program on Digital Business Management within the MBA curriculum. The collaboration aims to provide students with practical knowledge in mobile financial services and digital finance technologies, enhancing their industry readiness and contributing to India's digital economy. Through structured training sessions led by Ericsson's Mobile Financial Services experts, students will gain insights into digital payments, financial inclusion, compliance frameworks, fintech business models, and AI-driven financial services. This partnership signifies a commitment to developing a future-ready workforce and building industry-ready IT professionals in the fintech space. [Extracted from the article]

Ericsson and the Foundation for Innovation and Technology Transfer (FITT) at the Indian Institute of Technology Delhi have announced a research collaboration focused on advancing financial services. The partnership aims to leverage India's fintech leadership to develop scalable solutions for real-world industry challenges. The collaboration will involve Ericsson's Mobile Financial Services R&D team working with FITT at IIT Delhi's faculty and students to explore key aspects of financial technology, such as security frameworks, scalable fintech models, and global use cases. This initiative is expected to drive innovation, advance financial inclusion, and shape the future of digital finance through cutting-edge technological advancements. [Extracted from the article]

The payments industry is experiencing a proliferation of options, from digital wallets to buy now, pay later services, creating a complex maze for consumers. Retailers are developing their own payment ecosystems to escape credit card fees, leading to a fragmented landscape of payment methods. However, signs of consolidation are emerging, with discussions of creating unified payment platforms and networks of networks. The future of payments may involve fewer, smarter, and more secure digital payment systems, ultimately aiming to make payments as seamless as electricity. [Extracted from the article]

The Reserve Bank of India has lifted restrictions on Kotak Mahindra Bank Ltd. after nearly 10 months, following the bank's remedial measures to address supervisory concerns. The bank, founded by Uday Kotak, Asia's richest financier, was previously banned from adding customers through digital platforms and issuing new credit cards due to lapses and non-compliance. The removal of restrictions is expected to boost the bank's performance, with plans to resume digital onboarding of new customers and issuing fresh credit cards. [Extracted from the article]

Central African Republic has introduced a memecoin called CAR Meme to attract investment and fund development in the country. President Faustin-Archange Touadéra aims to utilize this cryptocurrency to tap into the nation's mineral resources and boost its economy. Despite being isolated and neglected, CAR became the second country after El Salvador to adopt Bitcoin as legal tender in 2022. The launch of CAR Meme on the Solana blockchain has garnered support, but memecoins are known for their volatility and lack of intrinsic value. [Extracted from the article]

A recent study conducted by researchers at St. Louis University explored the relationship between community-based financial inclusion and household food availability in Mozambique. The study found that low-income women's participation in village saving and loan groups (VSLGs) was directly linked to a reduction in household hunger and indirectly through increased asset ownership. The results suggest that community-based financial inclusion approaches could potentially improve food availability among low-income women in Mozambique, offering a strategy for policymakers and development experts to enhance rural livelihoods. The study was funded by the Taylor Geospatial Institute and published in the journal Foods. [Extracted from the article]

Network People Services Technologies Ltd. (NPST) received three prestigious awards at the Bharat Fintech Summit's Fintech & Digital Excellence Awards for its innovative RegTech solutions. The company's Risk Intelligence Decisioning Platform (RIDP) was recognized for its use of artificial intelligence and machine learning to enhance risk governance and compliance in digital payments. NPST's Payments-Platform-as-a-Service (PPaaS) solution, EvoK, also received accolades for streamlining online transaction processing and offering value-added services. CEO Deepak Chand Thakur expressed dedication to advancing payment technology and financial inclusion. NPST currently processes 6% of India's digital payments and serves over 100 clients across 700 locations. [Extracted from the article]

The Confederation of Zimbabwe Retailers (CZR) is urging urgent and strategic interventions to address the decline of the formal retail sector in Zimbabwe. Major supermarkets like OK Zimbabwe and Food World have closed some branches, and Choppies Enterprises has exited the country due to challenges in adapting to changing consumer trends. The CZR president highlighted issues such as the dollarization of supply chains, unchecked growth of the informal sector, and high operating costs impacting formal retailers and wholesalers. Recommendations include stabilizing the Zimbabwe Gold (ZiG) currency, regulating the informal sector, and reducing taxes to support the retail industry's sustainability and growth. [Extracted from the article]

Advans La Fayette Microfinance Bank has appointed Mrs. Elizabeth Odetayo as the new Deputy Chief Executive Officer to enhance operational efficiency. She will collaborate with the CEO and executive team to drive strategic initiatives, optimize performance, and expand financial solutions for individuals and businesses. Mrs. Odetayo's promotion reflects the bank's commitment to internal talent development and fostering a culture of excellence to achieve its mission of financial inclusion and empowerment. [Extracted from the article]

In January 2025, small cap stocks experienced negative returns, with the Nifty Small Cap 100 index showing a -10.81% return. Only 17 out of 94 companies had positive returns for the month. Over the year leading up to January 2025, the Nifty Small Cap 100 gained 4.86%, with 47 out of 94 companies showing positive returns. The resilience of small caps was evident as the index bounced 20.55% from the lows, with some companies bouncing over 100%. [Extracted from the article]

The article from IIFL Securities discusses the performance of mid-cap stocks in January 2025. The mid-cap index experienced a significant -6.51% correction, with concerns about valuations and global market uncertainty. Despite this, some mid-cap companies showed positive returns, with a few generating over 100% returns. The article also highlights the momentum returns, 1-year returns, resilience, and proximity to high price of mid-cap stocks, showcasing a diverse sectoral mix and varying performance levels across different companies. [Extracted from the article]

The document from IIFL Securities highlights India's rapid growth in the fintech sector, with the country now home to numerous unicorns and a vibrant culture of innovation. Fintech start-ups have surged in number, and India is on track to become a "Fintech Nation" with significant growth expected by 2030. The financial landscape is transforming with increased retail participation, technological advancements, and a growing demand for diversified investment options, including digital payments, digital lending, InsurTech, and WealthTech. This growth underscores India's potential as a global fintech leader, driving inclusive, technology-driven financial growth. [Extracted from the article]

The Nigeria Inter-Bank Settlement System (NIBSS) has upgraded its Nigeria Quick Response (NQR) payment system to reduce cash dependency and enhance digital transactions for businesses and individuals in Nigeria. The NQR system, launched in March 2021, allows customers to make payments by scanning a QR code, leading them to their bank or mobile wallet for immediate settlement. The system now supports both Person-to-Person (P2P) and Entity-to-Person (E2P) payments, expanding its use cases and contributing to the Central Bank of Nigeria's digital economy infrastructure and financial inclusion agenda. [Extracted from the article]

A study conducted by Northwest A&F University in Yangling, People's Republic of China, explores the impact of digital inclusive finance on the digital transformation of agribusinesses. The research reveals a U-shaped relationship between the breadth and depth of digital inclusive finance and digital transformation, with cash flow moderating this relationship. The study suggests that the effects of digital inclusive finance on agribusinesses' digital transformation are significant in certain regions and were observed before the COVID-19 pandemic. [Extracted from the article]

A recent study from Kyiv National Economic University explores how digital remittances have supported Ukraine during crises, such as the COVID-19 pandemic and Russia's military invasion. The research highlights the importance of remittances in providing financial resilience and survival for vulnerable populations. The study shows a shift towards official remittance channels and an increase in the use of digital platforms for smaller transfers, with Poland being a key supplier of funds to Ukraine. This research can inform programs for livelihood support and recovery in Ukraine by engaging the Ukrainian diaspora. [Extracted from the article]

MobiKwik has launched India's e-Rupee, becoming the first digital wallet to support the new currency in collaboration with the Reserve Bank of India and Yes Bank. This integration of e-Rupee into the platform allows users to make secure and fast transactions using UPI QR codes, offering a cashless alternative to traditional currency. The move is a significant step towards the digitalization of India's economy, providing a regulated payment method that ensures safe and reliable transactions, ultimately driving financial inclusion and technological innovation in the country. [Extracted from the article]

The article discusses the role of fintech companies in promoting positive social impact, particularly in developing countries where financial inclusion is a challenge. Fintechs can provide access to financial services, education, and digital transactions more affordably than traditional players, contributing to global financial inclusion. To be considered a 'fintech for good' company, social responsibility must be a key business priority, driving decision-making processes and product design. Fintech leaders face challenges in balancing social impact goals with profitability and market competitiveness, requiring a focus on creating ethical products and fostering financial inclusion. [Extracted from the article]

The Umeed Scheme in J&K's Rajouri district has empowered women to establish a successful masala and spice manufacturing venture through Self-Help Groups, thanks to Prime Minister Modi's support. This initiative has provided financial independence to these women, enabling them to earn significant monthly incomes and contribute to their families' stability. The scheme, part of the J&K Rural Livelihoods Mission, aims to promote self-reliance, economic growth, and empowerment among rural women by fostering small savings and forming SHGs for sustainable livelihoods. [Extracted from the article]

Mukuru Financial Services, a prominent financial services provider in Zimbabwe, has recently joined the Deposit Protection Corporation (DPC) as the eighth deposit-taking microfinance institution in the country. This move follows the issuance of a Deposit-Taking Microfinance Institution license by the Reserve Bank of Zimbabwe to Mukuru. The inclusion of Mukuru under the DPC umbrella aims to safeguard the funds of its customers and enhance public confidence in the financial services sector, particularly in light of past bank failures and pyramid schemes in the country. [Extracted from the article]

Industry stakeholders in Zimbabwe are recommending reforms to the exchange rate system and liquidity adjustments ahead of the 2025 Monetary Policy Statement (MPS). The Confederation of Zimbabwe Industries (CZI) has proposed a managed float exchange rate system, staggered daily foreign exchange allocations, and a reduction in USD statutory reserves to enhance formal sector liquidity. While these recommendations have not been officially adopted by the Reserve Bank of Zimbabwe (RBZ) yet, CZI is urging the RBZ to fine-tune its foreign exchange management system to ensure stability in the economy. The RBZ Governor emphasized the need to balance inflation control and economic growth in monetary policy decisions, with the upcoming MPS expected to be released in early February after analyzing economic data and consulting stakeholders. [Extracted from the article]

Habib Bank Limited (HBL) has demonstrated its commitment to sustainability and social impact through its 2023 Impact Report, focusing on climate change, financial inclusion, and poverty alleviation. With a goal of achieving Net Zero emissions by 2030, HBL has solarized 235 premises, invested in renewable energy projects, and prioritized Diversity, Equity, and Inclusion. The bank's efforts align with the Aga Khan Development Network's values, emphasizing long-term sustainable development and positive social change in Pakistan. HBL's contributions through the HBL Foundation have directly impacted millions of lives in critical sectors such as healthcare, education, and community development, showcasing its role as a catalyst for sustainable development. [Extracted from the article]

The Union Budget for 2025-26 in India holds significant importance as it marks the first full-year budget of the NDA government's new term under Prime Minister Narendra Modi. The budget is seen as a platform for signaling strategic policy intent and laying down a blueprint for the government's future journey, focusing on supply-side reforms and infrastructure-led investments. Market outcomes have shown growth and stability, with expectations for potential positive surprises in allocations for capital expenditure and relief measures for consumption growth in the upcoming budget. [Extracted from the article]

President Droupadi Murmu addressed Parliament on the growing threats of digital fraud, cybercrime, and deepfake technology, emphasizing the Modi government's commitment to enhancing cybersecurity measures. She highlighted India's progress in digital innovation, including the launch of the India AI Mission and the success of the UPI transaction system. The government's focus also includes initiatives like the PM-Kisan Samman Nidhi scheme to support farmers and proposed reforms such as 'One Nation, One Election' and the Waqf Bill for better governance. [Extracted from the article]

The article discusses the influential figures in the cryptocurrency and decentralized finance (DeFi) industry, highlighting individuals like Ross Ulbricht, Roger Ver, and Anatoly Yakovenko. It introduces Chase Ergen as a rising star reshaping the perception of DeFi with a focus on financial inclusion and decentralization. Ergen's leadership with De-Fi Labs aims to expand access to decentralized financial products and services, bridging the gap between crypto enthusiasts and traditional financial institutions. As global crypto adoption grows, Ergen's commitment to democratizing wealth through blockchain innovation is seen as timely and urgent in this era of rapid technological change. [Extracted from the article]

The article from IIFL Securities discusses the pre-budget expectations of HP Singh, CMD of Satin Creditcare, for the upcoming Union Budget 2025-26. Singh hopes for government support through funding windows and credit guarantee mechanisms to address rising borrowing costs in the sector. Additionally, he anticipates the introduction of schemes to empower women entrepreneurs, enhance financial inclusion through digital infrastructure, and promote financial literacy programs for underserved areas and marginalized communities. [Extracted from the article]

The Maha Kumbh Mela 2025 in Prayagraj has seen a three-fold increase in participation from BFSI brands, showcasing a shift towards digital engagement and customer interaction. LED screens are being used extensively to educate pilgrims on financial products, while banks are setting up branches and ATMs at the event. The focus on rural and urban outreach, financial education, and innovative opportunities at the Kumbh Mela highlight the growing trend of digital transformation in the BFSI sector. PSU banks like SBI, Bank of India, and Central Bank are actively involved in CSR activities, emphasizing online transactions and digital engagement. Challenges include overcoming scepticism about digital solutions and breaking into the rural market, while future trends may focus on fraud prevention, sustainability, and deeper rural penetration to promote financial inclusion and empowerment. [Extracted from the article]

Union Minister Shobha Karandlaje recently assessed the progress of Baramulla district in Jammu and Kashmir under the Aspirational Districts Programme. The district has shown significant improvement in various areas, moving up in the delta ranking and achieving a composite score of 59.30. Key highlights include advancements in health and nutrition, education, and efforts to address water scarcity and other developmental challenges. The minister emphasized the importance of inclusive economic development and directed officials to focus on reducing infant and maternal mortality rates and promoting local food processing units to benefit farmers and boost the economy. [Extracted from the article]