Digital Financial Inclusion and Regulation

This book explores the considerations for achieving an effective regulatory strategy to improve financial access and usage in Nigeria and beyond, identifying gaps in the legal and institutional framework for DFS and the barriers to financial exclusion. It also covers divergent themes around the use of and insights for regulating industry financial services providers and challenger entities. Three research methods are used, including doctrinal research, comparative case studies, and empirical research, to report the burden experienced by residents of a community without banks in accessing finance.

Format: Hardback
Length: 170 pages
Publication date: 17 October 2022
Publisher: Taylor & Francis Ltd

This comprehensive book delves into the intricate considerations necessary to develop an effective regulatory framework aimed at enhancing financial access and usage in Nigeria and beyond. It identifies gaps in the legal and institutional framework for digital financial services (DFS) and the barriers that perpetuate financial exclusion. Moreover, it explores policy changes required to foster widespread, accessible, and sustainable financial inclusion. Additionally, the book addresses diverse themes related to the regulation of industry financial services providers and challenger entities that disrupt traditional industries.

The book employs three research methodologies. The doctrinal research method serves as a foundation for the law and development analysis, as well as the discussions surrounding regulation, adoption, and usage of financial services. Comparative case studies from various jurisdictions, including Kenya, South Africa, Ghana, The Philippines, Brazil, Mexico, Uganda, Pakistan, India, and Bangladesh, are used to illustrate the application of financial innovations. Lastly, the empirical research method is employed to report the burden experienced by residents of a community without access to banks in accessing finance. This discussion encompasses the barriers to finance and the coping strategies employed by community residents to secure formal and informal financial resources.

By examining these critical aspects, the book provides valuable insights into the challenges and opportunities associated with promoting financial inclusion in Nigeria and the broader African region. It serves as a valuable resource for policymakers, industry stakeholders, researchers, and anyone interested in understanding the dynamics of financial services and their impact on society.

Weight: 520g
Dimension: 234 x 156 (mm)
ISBN-13: 9781032109558