The Journey to Financial Inclusion in Malawi- What Does the Future Hold?
Journal: International Journal of Economics and Financial Research (Vol.2, No. 9)Publication Date: 2016-09-15
Authors : Byson Beracah Majanga;
Page : 169-175
Keywords : : Financial inclusion; Mobile money; Financial services.;
Abstract
The paper analyses the history and current status of financial inclusion in Malawi and its associated impact on individual, societal, and overall nation development. Through a review of past literature on financial inclusion and a survey on individuals' opinions on financial services availability and affordability, the study reveals that financial inclusion has a direct relationship with economic performance and that individual economic independence, financial literacy, and accessibility play crucial roles in determining the levels of financial inclusion in an economy.
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