Role of Information and Communication Technologies in Promoting Financial Inclusion in Rural African Communities in Rwanda
DOI:
https://doi.org/10.47604/ijts.2276Keywords:
Information Communication Technologies Promoting Financial Inclusion Rural African CommunitiesAbstract
Purpose: The aim of the study was to investigate role of information and communication technologies in promoting financial inclusion in rural African Communities
Methodology: This study adopted a desk methodology. A desk study research design is commonly known as secondary data collection. This is basically collecting data from existing resources preferably because of its low cost advantage as compared to a field research. Our current study looked into already published studies and reports as the data was easily accessed through online journals and libraries.
Findings: This transformation has led to increased savings, facilitated seamless payments, and expanded access to credit, contributing to economic growth, poverty reduction, and enhanced financial resilience in rural communities. Nonetheless, persistent challenges such as limited infrastructure and digital literacy gaps underscore the need for ongoing efforts to fully harness the potential of ICTs, making them a crucial driver of rural development and inclusive growth in Rwanda.
Unique Contribution to Theory, Practice and Policy: Diffusion of Innovation Theory, Social Capital Theory & Resource-Based Theory may be used to anchor future studies on role of information and communication technologies in promoting financial inclusion in rural African Communities. Collaborate with technology providers to develop and deploy ICT solutions tailored to the specific needs and preferences of rural African communities. Policymakers should ensure that regulations support innovation, competition, and consumer protection.
Downloads
References
Adu, G., Amoah, A., Appiah, O., & Osei-Assibey, E. (2019). Financial Inclusion and Economic Growth in Ghana: Evidence from ARDL Bounds Test Approach. International Journal of Economics, Commerce and Management, 7(8), 52-65. Available at SSRN: https://ssrn.com/abstract=3494085
Barney, J. (1991). Firm Resources and Sustained Competitive Advantage. Journal of Management, 17(1), 99-120.
Bourdieu, P. (1986). The Forms of Capital. In J. G. Richardson (Ed.), Handbook of Theory and Research for the Sociology of Education (pp. 241-258). Greenwood Press.
Coleman, J. S. (1988). Social Capital in the Creation of Human Capital. American Journal of Sociology, 94(Supplement), S95-S120.
Demirguc-Kunt, A., & Klapper, L. (2013). Measuring Financial Inclusion: The Global Findex Database. The World Bank Research Observer, 29(1), 1-26. DOI: 10.1093/wbro/lks013
Demirguc-Kunt, A., & Klapper, L. (2018). Financial Inclusion in Sub-Saharan Africa: Recent Trends and Determinants. World Bank Policy Research Working Paper, (8440). DOI: 10.1596/1813-9450-8440
Donnelly, R., & Singh, D. (2018). Blockchain in Education. EdSurge. Retrieved from https://www.edsurge.com/news/2018-08-01-blockchain-in-education-10-possible-use-cases
Kabir, M. S., Rahman, M. S., & Akter, S. (2017). Financial Inclusion and Economic Growth in Bangladesh: An Empirical Analysis. Asian Development Policy Review, 5(3), 160-168. DOI: 10.18488/journal.31.2017.53.160.168
Kumar, P., & Raj, R. (2019). Financial Inclusion and Digital Payment System in India: A Review. International Journal of Recent Technology and Engineering, 8(2), 4784-4788. DOI: 10.35940/ijrte.C5687.098219
Rogers, E. M. (1962). Diffusion of Innovations. Free Press.
Setiawan, A., Hanifa, M. F., & Azizah, N. (2019). The Determinants of Financial Inclusion in Indonesia. International Journal of Economics, Commerce and Management, 7(9), 55-65. Available at SSRN: https://ssrn.com/abstract=3494070
Tapscott, D., & Tapscott, A. (2016). Blockchain Revolution: How the Technology Behind Bitcoin is Changing Money, Business, and the World. Penguin.
UNESCO. (2020). UNESCO ICT in Education. Retrieved from http://www.unesco.org/new/en/unesco/themes/icts/
World Bank. (2016). Digital Dividends. World Development Report 2016. Retrieved from https://openknowledge.worldbank.org/bitstream/handle/10986/23347/9781464806711.pdf
World Bank. (2017). Global Findex Database 2017: Measuring Financial Inclusion and the Fintech Revolution. Retrieved from https://globalfindex.worldbank.org/
World Bank. (2017). Global Findex Database 2017: Measuring Financial Inclusion and the Fintech Revolution. Retrieved from https://globalfindex.worldbank.org/
World Bank. (2017). Global Findex Database 2017: Measuring Financial Inclusion and the Fintech Revolution. Retrieved from https://globalfindex.worldbank.org/
World Bank. (2017). Global Findex Database 2017: Measuring Financial Inclusion and the Fintech Revolution. Retrieved from https://globalfindex.worldbank.org/
World Bank. (2017). Global Findex Database 2017: Measuring Financial Inclusion and the Fintech Revolution. Retrieved from https://globalfindex.worldbank.org/
World Bank. (2017). Global Findex Database 2017: Measuring Financial Inclusion and the Fintech Revolution. Retrieved from https://globalfindex.worldbank.org/
World Bank. (2019). Global Findex Database 2017: Measuring Financial Inclusion and the Fintech Revolution. Retrieved from https://globalfindex.worldbank.org/
Downloads
Published
How to Cite
Issue
Section
License
Copyright (c) 2024 Blessing Mugisha
This work is licensed under a Creative Commons Attribution 4.0 International License.
Authors retain copyright and grant the journal right of first publication with the work simultaneously licensed under a Creative Commons Attribution (CC-BY) 4.0 License that allows others to share the work with an acknowledgment of the work's authorship and initial publication in this journal.