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

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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

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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), 2020. Published by Science Publishing Group

Keywords

Banks, ICT, Banking Inclusion of Populations, WAEMU

References

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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

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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

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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

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@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}
}

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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
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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
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VL  - 6
IS  - 4
ER  -

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Author Information

Moussa Coulibaly

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

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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

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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

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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