Full Text Available
Note: Clicking the button above will open the full text document at the original institutional repository in a new window.
Considering the steps that could be taken by formal financial service providers to ensure increased access, by low-income individuals, to bank accounts, and to extended financial services, products and initiatives.
Financial inclusion in the world is improving, as many countries and financial institutions are focusing on including lower-income individuals and households. This research discusses a number of tools, mechanisms and the intricacies related to pertinent conceptual frameworks to support the promotion...
Saved in:
| Main Author: | |
|---|---|
| Other Authors: | |
| Format: | Thesis |
| Language: | English |
| Published: |
Graduate School of Business (GSB)
2023
|
| Subjects: | |
| Tags: |
No Tags, Be the first to tag this record!
|
| _version_ | 1867613235152158720 |
|---|---|
| access_status_str | Open Access |
| author | Von, Willingh Ulrich |
| author2 | Kruger, Ryan |
| author_browse | Kruger, Ryan Von, Willingh Ulrich |
| author_facet | Kruger, Ryan Von, Willingh Ulrich |
| author_sort | Von, Willingh Ulrich |
| collection | Thesis |
| description | Financial inclusion in the world is improving, as many countries and financial institutions are focusing on including lower-income individuals and households. This research discusses a number of tools, mechanisms and the intricacies related to pertinent conceptual frameworks to support the promotion of financial inclusion at the various stakeholder levels, and many opportunities to promote financial inclusion. One such tool in South Africa; Co-operative banks (CB's), proactively focuses on inclusive innovation opportunities and the inclusion of mixed-income communities. This is done through continuous review in order to continuously align with its initial objectives of social development and lower-income community participation promotion. Capturing women and young individuals, among other marginalised groups, by; creating accounts for them at a young age, via educational literacy initiatives, and supported by various internal capability support measures, and further reinforced by government and financial institutional inclusion policy and framework promotion (including co-operative banking institutions), holds a lot of promise and opens up a world of opportunities to investigate and explore to progress the financial inclusion agenda. Other literature and themes discussed, include definitions of what financial inclusion is, why many individuals remain unbanked, pre-conditions for successful financial inclusion, alternate financial service providers being used by lower-income individuals and households successfully which we can learn from, and a few measurement tools and mechanisms which exist in order for governments and financial institutions to identify, implement, drive, and track progress. Aforementioned is discussed, and the theory, borrowed from, in order to promote sustainable financial inclusion. *The creation of bank accounts for individuals is seen as a facilitator of, as well as a measure of the level of, financial inclusion. |
| format | Thesis |
| id | oai:open.uct.ac.za:11427/38200 |
| institution | University of Cape Town (South Africa) |
| language | eng |
| last_indexed | 2026-06-10T12:32:54.720Z |
| license_str | Not specified — see source repository |
| provenance_str_mv | Harvested via OAI-PMH from UCTD — University of Cape Town Open Access Repository |
| publishDate | 2023 |
| publishDateRange | 2023 |
| publishDateSort | 2023 |
| publisher | Graduate School of Business (GSB) |
| publisherStr | Graduate School of Business (GSB) |
| record_format | dspace |
| source_str | UCTD — University of Cape Town Open Access Repository |
| spelling | oai:open.uct.ac.za:11427/38200 Considering the steps that could be taken by formal financial service providers to ensure increased access, by low-income individuals, to bank accounts, and to extended financial services, products and initiatives. Von, Willingh Ulrich Kruger, Ryan Nilsson Warren Inclusive Innovation Financial inclusion in the world is improving, as many countries and financial institutions are focusing on including lower-income individuals and households. This research discusses a number of tools, mechanisms and the intricacies related to pertinent conceptual frameworks to support the promotion of financial inclusion at the various stakeholder levels, and many opportunities to promote financial inclusion. One such tool in South Africa; Co-operative banks (CB's), proactively focuses on inclusive innovation opportunities and the inclusion of mixed-income communities. This is done through continuous review in order to continuously align with its initial objectives of social development and lower-income community participation promotion. Capturing women and young individuals, among other marginalised groups, by; creating accounts for them at a young age, via educational literacy initiatives, and supported by various internal capability support measures, and further reinforced by government and financial institutional inclusion policy and framework promotion (including co-operative banking institutions), holds a lot of promise and opens up a world of opportunities to investigate and explore to progress the financial inclusion agenda. Other literature and themes discussed, include definitions of what financial inclusion is, why many individuals remain unbanked, pre-conditions for successful financial inclusion, alternate financial service providers being used by lower-income individuals and households successfully which we can learn from, and a few measurement tools and mechanisms which exist in order for governments and financial institutions to identify, implement, drive, and track progress. Aforementioned is discussed, and the theory, borrowed from, in order to promote sustainable financial inclusion. *The creation of bank accounts for individuals is seen as a facilitator of, as well as a measure of the level of, financial inclusion. 2023-07-30T09:46:12Z 2023-07-30T09:46:12Z 2023 2023-07-30T09:45:43Z Master Thesis Masters MPhil http://hdl.handle.net/11427/38200 eng application/pdf Graduate School of Business (GSB) Faculty of Commerce |
| spellingShingle | Inclusive Innovation Von, Willingh Ulrich Considering the steps that could be taken by formal financial service providers to ensure increased access, by low-income individuals, to bank accounts, and to extended financial services, products and initiatives. |
| thesis_degree_str | Master's |
| title | Considering the steps that could be taken by formal financial service providers to ensure increased access, by low-income individuals, to bank accounts, and to extended financial services, products and initiatives. |
| title_full | Considering the steps that could be taken by formal financial service providers to ensure increased access, by low-income individuals, to bank accounts, and to extended financial services, products and initiatives. |
| title_fullStr | Considering the steps that could be taken by formal financial service providers to ensure increased access, by low-income individuals, to bank accounts, and to extended financial services, products and initiatives. |
| title_full_unstemmed | Considering the steps that could be taken by formal financial service providers to ensure increased access, by low-income individuals, to bank accounts, and to extended financial services, products and initiatives. |
| title_short | Considering the steps that could be taken by formal financial service providers to ensure increased access, by low-income individuals, to bank accounts, and to extended financial services, products and initiatives. |
| title_sort | considering the steps that could be taken by formal financial service providers to ensure increased access by low income individuals to bank accounts and to extended financial services products and initiatives |
| topic | Inclusive Innovation |
| url | http://hdl.handle.net/11427/38200 |
| work_keys_str_mv | AT vonwillinghulrich consideringthestepsthatcouldbetakenbyformalfinancialserviceproviderstoensureincreasedaccessbylowincomeindividualstobankaccountsandtoextendedfinancialservicesproductsandinitiatives |