The Role of Financial Technology in Promoting Digital Finances in Algeria (2016-2024)
The financial technologies are changing the approach to service delivery in the banking sector. These technologies reduce costs, increase speed, security, and transparency, and enable safer financial services. They also pave the way for financial inclusion by expanding and generalizing financial ser...
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| Format: | Article |
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Institute of Accounting and Finance
2024-12-01
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| Series: | Облік і фінанси |
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| Online Access: | http://www.afj.org.ua/pdf/1099-rol-finansovih-tehnologiy-u-prosuvanni-cifrovih-finansiv-v-alzhiri-2016-2024.pdf |
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| author | Abderraouf Abada Messaoud Boukhalfi Mohammed Abderrahmane Bentadjine Abdelfattah Daoudi |
| author_facet | Abderraouf Abada Messaoud Boukhalfi Mohammed Abderrahmane Bentadjine Abdelfattah Daoudi |
| author_sort | Abderraouf Abada |
| collection | DOAJ |
| description | The financial technologies are changing the approach to service delivery in the banking sector. These technologies reduce costs, increase speed, security, and transparency, and enable safer financial services. They also pave the way for financial inclusion by expanding and generalizing financial services, making them accessible to a larger segment of society, particularly those who do not use the traditional financial and banking system. This study aimed to clarify the extent of financial technology's contribution to achieving digital financial inclusion in Algeria through electronic payment methods during the period from 2016 to the first quarter of 2024. To address and analyze the problem, researchers adopted a descriptive-analytical approach to cover various aspects of the topic and to tackle the issue by dividing this study into three main sections: Concepts of financial technology; Concepts of digital financial inclusion; Strategies for enhancing digital financial inclusion in Algeria through financial technologies in the field of electronic payments. The results of the study showed that there is an effective contribution of financial technology indicators in the field of retail electronic payments in Algeria in enhancing levels of digital financial inclusion, reflected in the improvement of: online payment activities, the number of active bank ATMs, payment activity and the number of operating electronic payment terminals (EPT), mobile phone payment transactions, mobile money transfers, and the number of circulating cards, including the "Gold" card and interbank cards (CIB). Along with this, current challenges for further developing digital financial inclusion include: the slow pace of adopting modern technologies in the field of electronic payments; a lack of trust in new payment methods among some users; the absence of insurance for banks in the event of fraud through electronic payments. |
| format | Article |
| id | doaj-art-e96830324b6845729cfe6f50c580bd2c |
| institution | Kabale University |
| issn | 2307-9878 2518-1181 |
| language | deu |
| publishDate | 2024-12-01 |
| publisher | Institute of Accounting and Finance |
| record_format | Article |
| series | Облік і фінанси |
| spelling | doaj-art-e96830324b6845729cfe6f50c580bd2c2025-01-07T13:57:17ZdeuInstitute of Accounting and FinanceОблік і фінанси2307-98782518-11812024-12-014(106)51410.33146/2307-9878-2024-4(106)-5-14The Role of Financial Technology in Promoting Digital Finances in Algeria (2016-2024)Abderraouf Abada0https://orcid.org/0009-0005-7389-7175Messaoud Boukhalfi1https://orcid.org/0009-0000-5808-5682Mohammed Abderrahmane Bentadjine2https://orcid.org/0009-0007-9362-9754Abdelfattah Daoudi3https://orcid.org/0000-0001-6461-2952University of Ghardaia, Ghardaia, AlgeriaUniversity of Ghardaia, Ghardaia, AlgeriaUniversity of Ghardaia, Ghardaia, AlgeriaUniversity Mohamed Boudiaf of M’Sila, M’Sila, AlgeriaThe financial technologies are changing the approach to service delivery in the banking sector. These technologies reduce costs, increase speed, security, and transparency, and enable safer financial services. They also pave the way for financial inclusion by expanding and generalizing financial services, making them accessible to a larger segment of society, particularly those who do not use the traditional financial and banking system. This study aimed to clarify the extent of financial technology's contribution to achieving digital financial inclusion in Algeria through electronic payment methods during the period from 2016 to the first quarter of 2024. To address and analyze the problem, researchers adopted a descriptive-analytical approach to cover various aspects of the topic and to tackle the issue by dividing this study into three main sections: Concepts of financial technology; Concepts of digital financial inclusion; Strategies for enhancing digital financial inclusion in Algeria through financial technologies in the field of electronic payments. The results of the study showed that there is an effective contribution of financial technology indicators in the field of retail electronic payments in Algeria in enhancing levels of digital financial inclusion, reflected in the improvement of: online payment activities, the number of active bank ATMs, payment activity and the number of operating electronic payment terminals (EPT), mobile phone payment transactions, mobile money transfers, and the number of circulating cards, including the "Gold" card and interbank cards (CIB). Along with this, current challenges for further developing digital financial inclusion include: the slow pace of adopting modern technologies in the field of electronic payments; a lack of trust in new payment methods among some users; the absence of insurance for banks in the event of fraud through electronic payments.http://www.afj.org.ua/pdf/1099-rol-finansovih-tehnologiy-u-prosuvanni-cifrovih-finansiv-v-alzhiri-2016-2024.pdffinancial technologydigital financial inclusionelectronic paymentsonline bankingalgeria |
| spellingShingle | Abderraouf Abada Messaoud Boukhalfi Mohammed Abderrahmane Bentadjine Abdelfattah Daoudi The Role of Financial Technology in Promoting Digital Finances in Algeria (2016-2024) Облік і фінанси financial technology digital financial inclusion electronic payments online banking algeria |
| title | The Role of Financial Technology in Promoting Digital Finances in Algeria (2016-2024) |
| title_full | The Role of Financial Technology in Promoting Digital Finances in Algeria (2016-2024) |
| title_fullStr | The Role of Financial Technology in Promoting Digital Finances in Algeria (2016-2024) |
| title_full_unstemmed | The Role of Financial Technology in Promoting Digital Finances in Algeria (2016-2024) |
| title_short | The Role of Financial Technology in Promoting Digital Finances in Algeria (2016-2024) |
| title_sort | role of financial technology in promoting digital finances in algeria 2016 2024 |
| topic | financial technology digital financial inclusion electronic payments online banking algeria |
| url | http://www.afj.org.ua/pdf/1099-rol-finansovih-tehnologiy-u-prosuvanni-cifrovih-finansiv-v-alzhiri-2016-2024.pdf |
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