Digital Financial Inclusion and its Determinants: Evidence from Türkiye
Facilitating participation in the financial system through digital technologies became important to identify the determinants of Digital Financial Inclusion (DFI). In this context, the study aims to examine the use and accessibility of DFI and measure it specifically for Türkiye. The data is divided...
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| Format: | Article |
| Language: | English |
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Ekonomi ve Finansal Araştırmalar Derneği
2024-12-01
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| Series: | Ekonomi, Politika & Finans Araştırmaları Dergisi |
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| Online Access: | https://dergipark.org.tr/tr/download/article-file/4075037 |
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| author | Tuğba Güz Gülden Poyraz |
| author_facet | Tuğba Güz Gülden Poyraz |
| author_sort | Tuğba Güz |
| collection | DOAJ |
| description | Facilitating participation in the financial system through digital technologies became important to identify the determinants of Digital Financial Inclusion (DFI). In this context, the study aims to examine the use and accessibility of DFI and measure it specifically for Türkiye. The data is divided into two categories: demographic variables (gender, age, income, and education level) and variables related to DFI (account ownership, ownership of mobile money account, saving, and borrowing) and was compiled from the Global Findex Database 2021. Considering the binary structure of the dependent variable, the probit model was used in the study. Although our model findings indicate that demographic characteristics such as gender, education, and income have a significant effect on account ownership and savings, when marginal effects are taken into account, education is the strongest determinant of DFI. Regarding the income level, the coefficient estimates for the four income quintiles were found statistically significant. However, for lower-income quintiles, particularly the poorest 20 percent and the second 20 percent, the probability of being financially included was found to be significantly lower. When all variables are taken into consideration, women are more financially excluded than men, and there is significant gender inequality, especially in terms of account ownership. |
| format | Article |
| id | doaj-art-63c55514dfbe4138b3dc62057ad9c727 |
| institution | Kabale University |
| issn | 2587-151X |
| language | English |
| publishDate | 2024-12-01 |
| publisher | Ekonomi ve Finansal Araştırmalar Derneği |
| record_format | Article |
| series | Ekonomi, Politika & Finans Araştırmaları Dergisi |
| spelling | doaj-art-63c55514dfbe4138b3dc62057ad9c7272025-01-03T21:46:42ZengEkonomi ve Finansal Araştırmalar DerneğiEkonomi, Politika & Finans Araştırmaları Dergisi2587-151X2024-12-019470071410.30784/epfad.1517200957Digital Financial Inclusion and its Determinants: Evidence from TürkiyeTuğba Güz0https://orcid.org/0000-0003-1644-7803Gülden Poyraz1https://orcid.org/0000-0002-8324-6270İSTANBUL YENİ YÜZYIL ÜNİVERSİTESİBANDIRMA ONYEDİ EYLÜL ÜNİVERSİTESİ, BANDIRMA MESLEK YÜKSEKOKULU, DIŞ TİCARET BÖLÜMÜFacilitating participation in the financial system through digital technologies became important to identify the determinants of Digital Financial Inclusion (DFI). In this context, the study aims to examine the use and accessibility of DFI and measure it specifically for Türkiye. The data is divided into two categories: demographic variables (gender, age, income, and education level) and variables related to DFI (account ownership, ownership of mobile money account, saving, and borrowing) and was compiled from the Global Findex Database 2021. Considering the binary structure of the dependent variable, the probit model was used in the study. Although our model findings indicate that demographic characteristics such as gender, education, and income have a significant effect on account ownership and savings, when marginal effects are taken into account, education is the strongest determinant of DFI. Regarding the income level, the coefficient estimates for the four income quintiles were found statistically significant. However, for lower-income quintiles, particularly the poorest 20 percent and the second 20 percent, the probability of being financially included was found to be significantly lower. When all variables are taken into consideration, women are more financially excluded than men, and there is significant gender inequality, especially in terms of account ownership.https://dergipark.org.tr/tr/download/article-file/4075037digital financial inclusiondigital technologiesdigital financebanking sectordijital finansal kapsayıcılıkdijital teknolojilerdijital finansbankacılık sektörü |
| spellingShingle | Tuğba Güz Gülden Poyraz Digital Financial Inclusion and its Determinants: Evidence from Türkiye Ekonomi, Politika & Finans Araştırmaları Dergisi digital financial inclusion digital technologies digital finance banking sector dijital finansal kapsayıcılık dijital teknolojiler dijital finans bankacılık sektörü |
| title | Digital Financial Inclusion and its Determinants: Evidence from Türkiye |
| title_full | Digital Financial Inclusion and its Determinants: Evidence from Türkiye |
| title_fullStr | Digital Financial Inclusion and its Determinants: Evidence from Türkiye |
| title_full_unstemmed | Digital Financial Inclusion and its Determinants: Evidence from Türkiye |
| title_short | Digital Financial Inclusion and its Determinants: Evidence from Türkiye |
| title_sort | digital financial inclusion and its determinants evidence from turkiye |
| topic | digital financial inclusion digital technologies digital finance banking sector dijital finansal kapsayıcılık dijital teknolojiler dijital finans bankacılık sektörü |
| url | https://dergipark.org.tr/tr/download/article-file/4075037 |
| work_keys_str_mv | AT tugbaguz digitalfinancialinclusionanditsdeterminantsevidencefromturkiye AT guldenpoyraz digitalfinancialinclusionanditsdeterminantsevidencefromturkiye |