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Issue: November 2022

Volume 7 | Issue 11

Impact factor: 8.15

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Paper Title: The Impact of Digital Finance on Household Welfare Outcomes: Lessons from Zambia
Authors Name: Derick Ndimbwa , Collins Odoyo PhD
Unique Id: IJSDR2211064
Published In: Volume 7 Issue 11, November-2022
Abstract: Despite the steady rise in the adoption of digital finance in Africa and its impact on economic well-being in society, there is limited research on what drives its adoption and uptake, especially with regard to emerging economies in Africa. On this premise, based on FinScope’s 2020 cross-sectional dataset, documentation, and key informant interviews, this paper seeks to empirically investigate the impact of digital finance on the economic well-being of poor households who have limited access to traditional financial services in Zambia. The study uses binary logistic econometric analysis to investigate the impact of digital finance on household welfare indicators in Zambia. The results reveal that household size, age, annual income, gender, national identity card, access to savings, ownership of a phone, holding a bank account, region of residence, amount sent using digital finance, amount received using digital finance, and household welfare significantly impacted the use of digital finance. The study used estimated regression coefficients, standard errors of the coefficients, and the statistical significance of each covariate. The study reveals an exponential transformation of the regression coefficients (odds ratio) and some diagnostic tests on the fit of the regression model. The fit of the final model over the null model was examined using the likelihood-ratio test. The study recommends policy formulation in the areas of gender-sensitive interventions, financial inclusion and literacy, and telecommunications infrastructure, supporting innovative gender-sensitive regulatory technologies, investment in social protection, and poverty alleviation programmes
Keywords: household welfare, digital finance, impact, binary logistic model
Cite Article: "The Impact of Digital Finance on Household Welfare Outcomes: Lessons from Zambia", International Journal of Science & Engineering Development Research (www.ijsdr.org), ISSN:2455-2631, Vol.7, Issue 11, page no.399 - 409, November-2022, Available :http://www.ijsdr.org/papers/IJSDR2211064.pdf
Downloads: 000150694
Publication Details: Published Paper ID: IJSDR2211064
Registration ID:202535
Published In: Volume 7 Issue 11, November-2022
DOI (Digital Object Identifier):
Page No: 399 - 409
Publisher: IJSDR | www.ijsdr.org
ISSN Number: 2455-2631

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