The reality of financial technology and its role in enhancing financial inclusion

A case study of the banking sector in Algeria during the period (2010-2018)

Authors

  • Benzid Rabia Department of Business Sciences, Faculty of Economics, Business and Management Sciences, University of Kasdi Merbah Ouargla, Algeria
  • Ramdani Hamida Department of Financial Sciences, Faculty of Economics, Business and Management Sciences, University of Kasdi Merbah Ouargla, Algeria

Keywords:

Financial technology, financial inclusion, electronic payment cards, Debit cards, ATMs

Abstract

The global and Arab banking sectors have become in need of financial technology to ensure their continuity. This need arises from the banking sectors' inclination towards further development, innovation, speed, and inclusivity. This study aims to examine the impact of implementing financial technology, represented by the development of ATMs and interbank payment cards, on financial inclusion, measured by the number of borrowers from commercial banks in Algeria. The study analyzes annual data from 2010 to 2018 using a multiple linear regression model. Prior to this, a statistical study was conducted on the application of financial technology services in Algeria during the period from 2016 to 2021. Among the key findings is the significant positive impact of using interbank electronic payment cards on financial inclusion. However, there was no significant impact of the development of ATMs on financial inclusion in Algeria during the study period.

References

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Published

2024-08-11

How to Cite

Rabia, B., & Hamida, R. (2024). The reality of financial technology and its role in enhancing financial inclusion: A case study of the banking sector in Algeria during the period (2010-2018). International Journal of Economic Perspectives, 18(1), 347–372. Retrieved from http://ijeponline.org/index.php/journal/article/view/564

Issue

Vol. 18 No. 1 (2024)

Section

Peer Review Articles
Copyright & Licensing

Copyright (c) 2024 Benzid Rabia, Ramdani Hamida

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