Optimizing PoS agent banking for inclusive rural economies:
Purpose: This paper explores the impact of Point-of-Sale (PoS) agent banking on streamlining digital and cash transactions, emphasizing its potential to alleviate financial exclusion in rural South African communities while addressing inherent challenges. Method: An exploratory qualitative case...
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| Format: | Article |
| Language: | English |
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Recherche en Entreprise et Décisions-Institut Supérieur de Gestion de Gabès (RED-ISGG)
2024-12-01
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| Series: | Academic Finance |
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| Online Access: | https://www.scientific-society.com/journal/index.php/AF/article/view/835 |
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| _version_ | 1841554090565304320 |
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| author | Ishmael Obaeko IWARA |
| author_facet | Ishmael Obaeko IWARA |
| author_sort | Ishmael Obaeko IWARA |
| collection | DOAJ |
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Purpose: This paper explores the impact of Point-of-Sale (PoS) agent banking on streamlining digital and cash transactions, emphasizing its potential to alleviate financial exclusion in rural South African communities while addressing inherent challenges.
Method: An exploratory qualitative case study research methodology was employed, utilizing a participatory community-led action research approach. With proponents from the Routine Activity Theory, this study provides a comprehensive understanding of potential criminalities resonating with the model’s implementation.
Findings: In South Africa, PoS banking holds significant potential to stimulate entrepreneurship and improve livelihoods in underserved rural areas. However, the success of PoS banking is hindered by cybersecurity risks, fraud, agent credibility issues, and physical security threats like robbery. Possible interventions include strengthening agent registration, raising public awareness, enhancing digital security protocols, and bolstering regulatory and law enforcement frameworks.
Significance: The research highlights the importance of PoS banking in overcoming financial exclusion and fostering community development in Africa. It emphasizes the necessity for a multi-faceted approach to mitigate associated risks, combining better regulatory oversight, law enforcement, public education, and technological security. These measures are essential to ensure the safe and sustainable growth of PoS banking in promoting economic inclusion and resilience in vulnerable communities. Further inquiry that provides intervention measures to other forms of implementation storms is critically imperative in fostering its integration propinquity.
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| format | Article |
| id | doaj-art-2e210fda84d844aab03a28b74589bc2e |
| institution | Kabale University |
| issn | 1923-2993 |
| language | English |
| publishDate | 2024-12-01 |
| publisher | Recherche en Entreprise et Décisions-Institut Supérieur de Gestion de Gabès (RED-ISGG) |
| record_format | Article |
| series | Academic Finance |
| spelling | doaj-art-2e210fda84d844aab03a28b74589bc2e2025-01-08T21:27:50ZengRecherche en Entreprise et Décisions-Institut Supérieur de Gestion de Gabès (RED-ISGG)Academic Finance1923-29932024-12-01152Optimizing PoS agent banking for inclusive rural economies: Ishmael Obaeko IWARA0University of Venda Purpose: This paper explores the impact of Point-of-Sale (PoS) agent banking on streamlining digital and cash transactions, emphasizing its potential to alleviate financial exclusion in rural South African communities while addressing inherent challenges. Method: An exploratory qualitative case study research methodology was employed, utilizing a participatory community-led action research approach. With proponents from the Routine Activity Theory, this study provides a comprehensive understanding of potential criminalities resonating with the model’s implementation. Findings: In South Africa, PoS banking holds significant potential to stimulate entrepreneurship and improve livelihoods in underserved rural areas. However, the success of PoS banking is hindered by cybersecurity risks, fraud, agent credibility issues, and physical security threats like robbery. Possible interventions include strengthening agent registration, raising public awareness, enhancing digital security protocols, and bolstering regulatory and law enforcement frameworks. Significance: The research highlights the importance of PoS banking in overcoming financial exclusion and fostering community development in Africa. It emphasizes the necessity for a multi-faceted approach to mitigate associated risks, combining better regulatory oversight, law enforcement, public education, and technological security. These measures are essential to ensure the safe and sustainable growth of PoS banking in promoting economic inclusion and resilience in vulnerable communities. Further inquiry that provides intervention measures to other forms of implementation storms is critically imperative in fostering its integration propinquity. https://www.scientific-society.com/journal/index.php/AF/article/view/835Agent bankingcriminalityfinancial inclusionentrepreneurshiprural economySouth Africa |
| spellingShingle | Ishmael Obaeko IWARA Optimizing PoS agent banking for inclusive rural economies: Academic Finance Agent banking criminality financial inclusion entrepreneurship rural economy South Africa |
| title | Optimizing PoS agent banking for inclusive rural economies: |
| title_full | Optimizing PoS agent banking for inclusive rural economies: |
| title_fullStr | Optimizing PoS agent banking for inclusive rural economies: |
| title_full_unstemmed | Optimizing PoS agent banking for inclusive rural economies: |
| title_short | Optimizing PoS agent banking for inclusive rural economies: |
| title_sort | optimizing pos agent banking for inclusive rural economies |
| topic | Agent banking criminality financial inclusion entrepreneurship rural economy South Africa |
| url | https://www.scientific-society.com/journal/index.php/AF/article/view/835 |
| work_keys_str_mv | AT ishmaelobaekoiwara optimizingposagentbankingforinclusiveruraleconomies |