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Open Access Journal Article

Financial Inclusion and Banking Sector Reforms

by David Anderson 1,*
1
David Anderson
*
Author to whom correspondence should be addressed.
IRBM  2021 3(1):18; https://doi.org/10.69610/j.irbm.20210415
Received: 18 February 2021 / Accepted: 26 March 2021 / Published Online: 15 April 2021
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Abstract

This paper explores the relationship between financial inclusion and the implementation of banking sector reforms. The objective is to analyze how reforms within the banking sector can enhance financial inclusion and the overall economic development. The study delves into the various measures taken by governments and central banks to promote financial inclusion, such as the establishment of microfinance institutions, mobile banking services, and the adoption of digital payment systems. Furthermore, the paper examines the challenges faced by the banking sector in achieving financial inclusion, such as high transaction costs, lack of infrastructure, and regulatory constraints. Through a comprehensive review of existing literature and case studies, the paper concludes that successful banking sector reforms are essential for fostering financial inclusion and that a balanced approach is required to address the diverse needs of different segments of the population.

Keywords: Financial Inclusion; Banking Sector Reforms; Economic Development; Microfinance Institutions; Digital Payment Systems.;
Copyright: © 2021 by Anderson. This is an open-access article distributed under the terms of the Creative Commons Attribution License (CC BY) (Creative Commons Attribution 4.0 International License). The use, distribution or reproduction in other forums is permitted, provided the original author(s) or licensor are credited and that the original publication in this journal is cited, in accordance with accepted academic practice. No use, distribution or reproduction is permitted which does not comply with these terms.
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APA Style
Anderson, D. (2021). Financial Inclusion and Banking Sector Reforms. International Review of Business & Management, 3(1), 18. doi:10.69610/j.irbm.20210415
ACS Style
Anderson, D. Financial Inclusion and Banking Sector Reforms. International Review of Business & Management, 2021, 3, 18. doi:10.69610/j.irbm.20210415
AMA Style
Anderson D. Financial Inclusion and Banking Sector Reforms. International Review of Business & Management; 2021, 3(1):18. doi:10.69610/j.irbm.20210415
Chicago/Turabian Style
Anderson, David 2021. "Financial Inclusion and Banking Sector Reforms" International Review of Business & Management 3, no.1:18. doi:10.69610/j.irbm.20210415

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ACS Style
Anderson, D. Financial Inclusion and Banking Sector Reforms. International Review of Business & Management, 2021, 3, 18. doi:10.69610/j.irbm.20210415
AMA Style
Anderson D. Financial Inclusion and Banking Sector Reforms. International Review of Business & Management; 2021, 3(1):18. doi:10.69610/j.irbm.20210415
Chicago/Turabian Style
Anderson, David 2021. "Financial Inclusion and Banking Sector Reforms" International Review of Business & Management 3, no.1:18. doi:10.69610/j.irbm.20210415
APA style
Anderson, D. (2021). Financial Inclusion and Banking Sector Reforms. International Review of Business & Management, 3(1), 18. doi:10.69610/j.irbm.20210415

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References

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