Effects of Information and Communication Technologies on the Banking Inclusion of Populations in the West African Economic and Monetary Union

Moussa Coulibaly

doi:doi:10.11648/j.ijfbr.20200604.13

| Peer-Reviewed

Effects of Information and Communication Technologies on the Banking Inclusion of Populations in the West African Economic and Monetary Union

Moussa Coulibaly

Published in International Journal of Finance and Banking Research (Volume 6, Issue 4)

Received: 2 July 2020 Accepted: 6 August 2020 Published: 13 August 2020

Views: Downloads:

Download PDF

Share This Article

Twitter
Linked In
Facebook

Abstract

This article analyzes the effects of information and communication technologies on the level of banking inclusion of populations in the West African Economic and Monetary Union (WAEMU). To this end, it is a contribution to the exploration of new and innovative ways of solving the problem of banking exclusion of populations in an area where more than half of the adult population remains excluded from the financial system in general. The theoretical frameworks used in this research are those of the frontier theory of access possibilities and access barriers to financial services, and client selection theory. A linear model based on panel data has been adopted in this article to analyze the empirical link between information and communication technologies and the banking inclusion index of the populations in the Union over the period 2006-2016. The model was estimated using the panel-corrected standard error method. The results show that the use of ATMs and the Internet diffusion among the WAEMU population positively and significantly influence the level of banking inclusion of the WAEMU population. The use of information and communication technologies by both the population and the banks is an innovative way of improving the level of banking inclusion of the Union population. To improve banking inclusion in the Union, the article encourages banks and the population to rely more on the use of these technologies.

Published in	International Journal of Finance and Banking Research (Volume 6, Issue 4)
DOI	10.11648/j.ijfbr.20200604.13
Page(s)	74-82
Creative Commons	This is an Open Access article, distributed under the terms of the Creative Commons Attribution 4.0 International License (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution and reproduction in any medium or format, provided the original work is properly cited.
Copyright	Copyright © The Author(s), 2024. Published by Science Publishing Group

Keywords

Banks, ICT, Banking Inclusion of Populations, WAEMU

References

[1]	Meisel, N., & Mvogo, J.-P. (2007). Quelles politiques de développement financier en zone franc? Paris: AFD.
[2]	BCEAO. (2018). Rapport annuel sur la situation de l'inclusion financière dans l'UEMOA au cours de l'année 2017, 29 p.
[3]	Stiglitz, J. E., & Weiss, A. (1981). Credit Rationing in Markets with Imperfect Information. The American Economic Review, Vol. 71, No. 3, pp. 393-410.
[4]	Sawadogo, H. (2014). Les asymétries d'information et rationnement du crédit bancaire dans les pays de l'UEMOA: une validation empirique en données de panel. Ouagadougou, Université Ouaga II, thèse de doctorat ès Sciences économiques, 190 p.
[5]	North, D. C. (1990). Institutions, institutional change and economic performance. New York: Cambridge university press.
[6]	Keho, Y. (2012). Le rôle des facteurs institutionnels dans le développement financier et économique des pays de l'UEMOA. Revue économique et monétaire de la BCEAO, pp. 9-44, N°12.
[7]	Freixas, X., & Rochet, J.-C. (1999). Microeconomics of banking. Cambridge: MIT Pres, fourth printing.
[8]	Demirgüç-Kunt, A., Klapper, L., Singer, D., Ansar, S., & Hess, J. (2018). Global Findex Database 2017: Measuring Financial Inclusion and the Fintech Revolution. World Bank, Washington, DC.
[9]	Klein, O. (2015). « Banque et nouvelles technologies: la nouvelle donne ». Revue d'économie financière, n° 120, p. 17-22.
[10]	Brack, E. (2016). « La transformation digitale de l’intermédiation bancaire ». Géoéconomie, N°81, p. 79-91.
[11]	Beck, T., & De La Torre, A. (2006). The Basic Analytics of Access to Financial Services. Financial Markets, Institutions & Instruments, N° 16, pp. 79-117.
[12]	Sarma, M. (2012). Index of Financial Inclusion – A measure of financial sector inclusiveness. Working Paper No. 07, 37 p.
[13]	Andrianaivo, M., & Kpodar, K. (2011). ICT, financial inclusion, and growth: Evidence from Africa countries. IFM Working paper, WP/11/73, 46 p.
[14]	Van der Werff, A. D., Hogarth, J. M., & Peach, N. D. (2013). A cross-country analysis of financial inclusion within the OECD. Consumer Interests Annual, Vol. 59, pp. 1-12.
[15]	Kaur, K., & Singh, J. (2015). The role of ICT infrastructure in financial inclusion: an empirical analysis. ELK Asia Pacific Journal of Finance and Risk Management, Volume 6 Issue 3, pp. 69-79.
[16]	Mago, S., & Chitokwindo, S. (2014). The impact of mobile banking on financial inclusion in Zimbabwe: A case for Masvingo Province. Mediterranean Journal of Social Sciences, Vol 5 No 9, pp. 221-230.
[17]	Lohani, V. J. (2015). Technology as a decision maker for banking sector. International Journal of Mathematics and Statistics Invention (IJMSI), Volume 3 Issue 6, pp. 33-35.
[18]	Okoroafor, O. K., Adeniji, S. O., & Awe, E. (2018). Empirical Analysis of the determinants of financial inclusion in Nigeria: 1990-2016. Journal of Finance and Economics, Vol. 6, pp. 19-25.
[19]	Sarma, M. (2008). Index of Financial Inclusion. Indian Council for Research on International Economic Relations, Working Paper No. 215, 26 p.
[20]	Arora, R. U. (2010). Measuring Financial Access. Griffith University, Discussion Paper Economics 7, ISSN1837-7750.
[21]	Andrianaivo, M., & Kpodar, K. (2012). Mobile phones, financial inclusion, and growth. Review of Economics and Institutions, Vol. 3, pp. 1-30.
[22]	Martinez, C., & Krauss, A. (2015). What Drives Financial Inclusion at the Bottom of the Pyramid? Empirical Evidence from Microﬁnance Panel Data. CMFWorking Paper Series, No. 02-2015.
[23]	Sreedevi, V., & Meena, K. (2011). ICT for financial inclusion. International journal of business management, economics and information technology, Vol. 3, N°.2, pp. 331-334.
[24]	Sundaram, N., & Sriram, M. (2016). Branchless Banking Technologies and Financial Inclusion: An Investigation in Vellore District, Tamil Nadu, India. Indian Journal of Science and Technology, Vol 9 (40), 5 p.
[25]	Calem, P. S., & Nakamura, L. I. (1998). Branch banking and the geography of bank pricing. The Review of Economics and Statistics, MIT Press 80 (4): 600-610.
[26]	Kumar, N. (2013). Financial inclusion and its determinants: evidence from India. Journal of Financial Economic Policy, Vol. 5 Iss 1, pp. 4-19.
[27]	Beck, N., & Katz, J. N. (1995). What to do (and not to do) with Time-Series Cross-Section Data. The American Political Science Review, Volume 89, pp. 634-647.
[28]	Mwai, A., Memba, F. S., & Njeru, A. (2018). The relationship between ATM banking and financial deepening of commercial bank in Kenya. International journal of economics, commerce and management, Vol. VI, Issue 12, pp. 496-514.
[29]	Daley, N. (2003). Les TIC et la banque de détail. Perspectives et enjeux. Les Cahiers du numérique, Vol. 4, pp. 115-129.
[30]	El Fidha, C., & Charki, M. H. (2008). «Le rôle des technologies de l'information et de la communication dans le développement de la qualité de la «relation client». Application à la relation banque/entreprise». Revue des sciences de gestion, n°229, p. 121-127.
[31]	Hamdi, H., & Sbia, R. (2009). La concurrence dans le marché bancaire à l'ère de l'économie numérique: le cas français. Rivista di Studi Politici Internazionali, Nuova Serie, Serie Serie Vol. 76, N°2, pp. 206-230.

Cite This Article

Plain Text BibTeX RIS

APA Style

Moussa Coulibaly. (2020). Effects of Information and Communication Technologies on the Banking Inclusion of Populations in the West African Economic and Monetary Union. International Journal of Finance and Banking Research, 6(4), 74-82. https://doi.org/10.11648/j.ijfbr.20200604.13

Copy | Download

ACS Style

Moussa Coulibaly. Effects of Information and Communication Technologies on the Banking Inclusion of Populations in the West African Economic and Monetary Union. Int. J. Finance Bank. Res. 2020, 6(4), 74-82. doi: 10.11648/j.ijfbr.20200604.13

Copy | Download

AMA Style

Moussa Coulibaly. Effects of Information and Communication Technologies on the Banking Inclusion of Populations in the West African Economic and Monetary Union. Int J Finance Bank Res. 2020;6(4):74-82. doi: 10.11648/j.ijfbr.20200604.13

Copy | Download

@article{10.11648/j.ijfbr.20200604.13,
  author = {Moussa Coulibaly},
  title = {Effects of Information and Communication Technologies on the Banking Inclusion of Populations in the West African Economic and Monetary Union},
  journal = {International Journal of Finance and Banking Research},
  volume = {6},
  number = {4},
  pages = {74-82},
  doi = {10.11648/j.ijfbr.20200604.13},
  url = {https://doi.org/10.11648/j.ijfbr.20200604.13},
  eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.ijfbr.20200604.13},
  abstract = {This article analyzes the effects of information and communication technologies on the level of banking inclusion of populations in the West African Economic and Monetary Union (WAEMU). To this end, it is a contribution to the exploration of new and innovative ways of solving the problem of banking exclusion of populations in an area where more than half of the adult population remains excluded from the financial system in general. The theoretical frameworks used in this research are those of the frontier theory of access possibilities and access barriers to financial services, and client selection theory. A linear model based on panel data has been adopted in this article to analyze the empirical link between information and communication technologies and the banking inclusion index of the populations in the Union over the period 2006-2016. The model was estimated using the panel-corrected standard error method. The results show that the use of ATMs and the Internet diffusion among the WAEMU population positively and significantly influence the level of banking inclusion of the WAEMU population. The use of information and communication technologies by both the population and the banks is an innovative way of improving the level of banking inclusion of the Union population. To improve banking inclusion in the Union, the article encourages banks and the population to rely more on the use of these technologies.},
 year = {2020}
}

Copy | Download

TY  - JOUR
T1  - Effects of Information and Communication Technologies on the Banking Inclusion of Populations in the West African Economic and Monetary Union
AU  - Moussa Coulibaly
Y1  - 2020/08/13
PY  - 2020
N1  - https://doi.org/10.11648/j.ijfbr.20200604.13
DO  - 10.11648/j.ijfbr.20200604.13
T2  - International Journal of Finance and Banking Research
JF  - International Journal of Finance and Banking Research
JO  - International Journal of Finance and Banking Research
SP  - 74
EP  - 82
PB  - Science Publishing Group
SN  - 2472-2278
UR  - https://doi.org/10.11648/j.ijfbr.20200604.13
AB  - This article analyzes the effects of information and communication technologies on the level of banking inclusion of populations in the West African Economic and Monetary Union (WAEMU). To this end, it is a contribution to the exploration of new and innovative ways of solving the problem of banking exclusion of populations in an area where more than half of the adult population remains excluded from the financial system in general. The theoretical frameworks used in this research are those of the frontier theory of access possibilities and access barriers to financial services, and client selection theory. A linear model based on panel data has been adopted in this article to analyze the empirical link between information and communication technologies and the banking inclusion index of the populations in the Union over the period 2006-2016. The model was estimated using the panel-corrected standard error method. The results show that the use of ATMs and the Internet diffusion among the WAEMU population positively and significantly influence the level of banking inclusion of the WAEMU population. The use of information and communication technologies by both the population and the banks is an innovative way of improving the level of banking inclusion of the Union population. To improve banking inclusion in the Union, the article encourages banks and the population to rely more on the use of these technologies.
VL  - 6
IS  - 4
ER  -

Copy | Download

Author Information

Moussa Coulibaly

Department of Economics and Management, Ouaga II University, Ouagadougou, Burkina Faso

Download PDF

Sections

Plain Text BibTeX RIS

APA Style

Moussa Coulibaly. (2020). Effects of Information and Communication Technologies on the Banking Inclusion of Populations in the West African Economic and Monetary Union. International Journal of Finance and Banking Research, 6(4), 74-82. https://doi.org/10.11648/j.ijfbr.20200604.13

Copy | Download

ACS Style

Moussa Coulibaly. Effects of Information and Communication Technologies on the Banking Inclusion of Populations in the West African Economic and Monetary Union. Int. J. Finance Bank. Res. 2020, 6(4), 74-82. doi: 10.11648/j.ijfbr.20200604.13

Copy | Download

AMA Style

Moussa Coulibaly. Effects of Information and Communication Technologies on the Banking Inclusion of Populations in the West African Economic and Monetary Union. Int J Finance Bank Res. 2020;6(4):74-82. doi: 10.11648/j.ijfbr.20200604.13

Copy | Download

@article{10.11648/j.ijfbr.20200604.13,
  author = {Moussa Coulibaly},
  title = {Effects of Information and Communication Technologies on the Banking Inclusion of Populations in the West African Economic and Monetary Union},
  journal = {International Journal of Finance and Banking Research},
  volume = {6},
  number = {4},
  pages = {74-82},
  doi = {10.11648/j.ijfbr.20200604.13},
  url = {https://doi.org/10.11648/j.ijfbr.20200604.13},
  eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.ijfbr.20200604.13},
  abstract = {This article analyzes the effects of information and communication technologies on the level of banking inclusion of populations in the West African Economic and Monetary Union (WAEMU). To this end, it is a contribution to the exploration of new and innovative ways of solving the problem of banking exclusion of populations in an area where more than half of the adult population remains excluded from the financial system in general. The theoretical frameworks used in this research are those of the frontier theory of access possibilities and access barriers to financial services, and client selection theory. A linear model based on panel data has been adopted in this article to analyze the empirical link between information and communication technologies and the banking inclusion index of the populations in the Union over the period 2006-2016. The model was estimated using the panel-corrected standard error method. The results show that the use of ATMs and the Internet diffusion among the WAEMU population positively and significantly influence the level of banking inclusion of the WAEMU population. The use of information and communication technologies by both the population and the banks is an innovative way of improving the level of banking inclusion of the Union population. To improve banking inclusion in the Union, the article encourages banks and the population to rely more on the use of these technologies.},
 year = {2020}
}

Copy | Download

TY  - JOUR
T1  - Effects of Information and Communication Technologies on the Banking Inclusion of Populations in the West African Economic and Monetary Union
AU  - Moussa Coulibaly
Y1  - 2020/08/13
PY  - 2020
N1  - https://doi.org/10.11648/j.ijfbr.20200604.13
DO  - 10.11648/j.ijfbr.20200604.13
T2  - International Journal of Finance and Banking Research
JF  - International Journal of Finance and Banking Research
JO  - International Journal of Finance and Banking Research
SP  - 74
EP  - 82
PB  - Science Publishing Group
SN  - 2472-2278
UR  - https://doi.org/10.11648/j.ijfbr.20200604.13
AB  - This article analyzes the effects of information and communication technologies on the level of banking inclusion of populations in the West African Economic and Monetary Union (WAEMU). To this end, it is a contribution to the exploration of new and innovative ways of solving the problem of banking exclusion of populations in an area where more than half of the adult population remains excluded from the financial system in general. The theoretical frameworks used in this research are those of the frontier theory of access possibilities and access barriers to financial services, and client selection theory. A linear model based on panel data has been adopted in this article to analyze the empirical link between information and communication technologies and the banking inclusion index of the populations in the Union over the period 2006-2016. The model was estimated using the panel-corrected standard error method. The results show that the use of ATMs and the Internet diffusion among the WAEMU population positively and significantly influence the level of banking inclusion of the WAEMU population. The use of information and communication technologies by both the population and the banks is an innovative way of improving the level of banking inclusion of the Union population. To improve banking inclusion in the Union, the article encourages banks and the population to rely more on the use of these technologies.
VL  - 6
IS  - 4
ER  -

Copy | Download