This study analyzes the drivers of the use of formal vs. informal financial services in emerging and developing countries using the 2017 Global FINDEX data. In particular, we investigate whether individuals' choice of financial services correlates with macro-financial and macro-structural...

The rapid adoption of mobile money transfer (MMT) in East Africa, and Kenya in particular, is facilitating a nexus of inter-personal financial transfers which has hitherto been the least visible dimension of informal finance. At the same time, the success of capturing these flows into a formal...

The rapid adoption of mobile money transfer (MMT) in East Africa, and Kenya in particular, is facilitating a nexus of inter-personal financial transfers which has hitherto been the least visible dimension of informal finance. At the same time, the success of capturing these flows into a formal...

This paper lays out some of the basic concepts surrounding financial inclusion, including access to banking, digital payments and financial literacy, as well as markets for health insurance, crop insurance, agricultural credit, small firm finance, and microcredit/ microfinance. It goes on to...