A Research Agenda for Financial Inclusion and Microfinance
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A Research Agenda for Financial Inclusion and Microfinance

Edited by Marek Hudon, Marc Labie and Ariane Szafarz

How can financial services, such as credit, deposit accounts, financial transfers, and insurance be provided to people in need? This challenging and complex issue has been a topic of interest for the international aid community for decades. Drawing on renowned experts in microfinance and financial inclusion, this Research Agenda sheds much-needed light on this multifaceted challenge and points the way ahead for future research.
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Chapter 13: FinTech and financial inclusion

Baptiste Venet

Abstract

In 2012, Demirguc-Kunt and Klapper posited that effective and inclusive financial systems are likely to benefit poor people and other disadvantaged groups because without inclusive financial systems, poor people must rely on their own limited savings to invest in their education or become entrepreneurs – and small enterprises must rely on their limited earnings to pursue promising growth opportunities. This can contribute to persistent income inequality and slower economic growth. (2012, p. 1) Twenty years earlier, McKinnon the “financial liberalization” school, claimed that the development of the financial system is at the heart of the economic development process.

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