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.
| Identifer | oai:union.ndltd.org:netd.ac.za/oai:union.ndltd.org:uct/oai:localhost:11427/38200 |
| Date | 30 July 2023 |
| Creators | Von, Willingh Ulrich |
| Contributors | Kruger, Ryan, Nilsson Warren |
| Publisher | Faculty of Commerce, Graduate School of Business (GSB) |
| Source Sets | South African National ETD Portal |
| Language | English |
| Detected Language | English |
| Type | Master Thesis, Masters, MPhil |
| Format | application/pdf |
Page generated in 0.0023 seconds