Using Broadband to Enhance Financial Inclusion
The progress of financial inclusion in the Latin American and Caribbean region is constrained by the high cost of providing and accessing financial services. On the client side, micro- and small-sized firms, as well as low-income households, face high transaction costs as a result of the challenges of getting to points of service and meeting documentation requirements. On the provider side, the lack of economies of scale for financial service transactions and the difficulty to obtain reliable information on these kinds of clients generate high operational costs. These elevated costs can undermine the profitability of serving these market segments that, in turn, weaken competition. This paper provides basic information relating to the prospects and constraints of using broadband channels and applications to increase financial inclusion in the region. It is a useful resource for policymakers, financial institutions, and the broader development community in the Latin American and Caribbean region.
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Format: | Discussion Papers & Presentations biblioteca |
Language: | English |
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Inter-American Development Bank
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Subjects: | Broadband Service, Credit, Financial Service, Financial Inclusion, G1 - General Financial Markets, Caribbean;Latin America;financial inclusion;broadband channels, |
Online Access: | http://dx.doi.org/10.18235/0007007 https://publications.iadb.org/en/using-broadband-enhance-financial-inclusion |
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dig-bid-node-123822024-05-30T19:40:38ZUsing Broadband to Enhance Financial Inclusion 2016-01-05T00:00:00+0000 http://dx.doi.org/10.18235/0007007 https://publications.iadb.org/en/using-broadband-enhance-financial-inclusion Inter-American Development Bank Broadband Service Credit Financial Service Financial Inclusion G1 - General Financial Markets Caribbean;Latin America;financial inclusion;broadband channels The progress of financial inclusion in the Latin American and Caribbean region is constrained by the high cost of providing and accessing financial services. On the client side, micro- and small-sized firms, as well as low-income households, face high transaction costs as a result of the challenges of getting to points of service and meeting documentation requirements. On the provider side, the lack of economies of scale for financial service transactions and the difficulty to obtain reliable information on these kinds of clients generate high operational costs. These elevated costs can undermine the profitability of serving these market segments that, in turn, weaken competition. This paper provides basic information relating to the prospects and constraints of using broadband channels and applications to increase financial inclusion in the region. It is a useful resource for policymakers, financial institutions, and the broader development community in the Latin American and Caribbean region. Inter-American Development Bank Ignacio Mas Discussion Papers & Presentations application/pdf IDB Publications Latin America The Caribbean en |
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Broadband Service Credit Financial Service Financial Inclusion G1 - General Financial Markets Caribbean;Latin America;financial inclusion;broadband channels Broadband Service Credit Financial Service Financial Inclusion G1 - General Financial Markets Caribbean;Latin America;financial inclusion;broadband channels |
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Broadband Service Credit Financial Service Financial Inclusion G1 - General Financial Markets Caribbean;Latin America;financial inclusion;broadband channels Broadband Service Credit Financial Service Financial Inclusion G1 - General Financial Markets Caribbean;Latin America;financial inclusion;broadband channels Inter-American Development Bank Using Broadband to Enhance Financial Inclusion |
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The progress of financial inclusion in the Latin American and Caribbean region is constrained by the high cost of providing and accessing financial services. On the client side, micro- and small-sized firms, as well as low-income households, face high transaction costs as a result of the challenges of getting to points of service and meeting documentation requirements. On the provider side, the lack of economies of scale for financial service transactions and the difficulty to obtain reliable information on these kinds of clients generate high operational costs. These elevated costs can undermine the profitability of serving these market segments that, in turn, weaken competition. This paper provides basic information relating to the prospects and constraints of using broadband channels and applications to increase financial inclusion in the region. It is a useful resource for policymakers, financial institutions, and the broader development community in the Latin American and Caribbean region. |
author2 |
Ignacio Mas |
author_facet |
Ignacio Mas Inter-American Development Bank |
format |
Discussion Papers & Presentations |
topic_facet |
Broadband Service Credit Financial Service Financial Inclusion G1 - General Financial Markets Caribbean;Latin America;financial inclusion;broadband channels |
author |
Inter-American Development Bank |
author_sort |
Inter-American Development Bank |
title |
Using Broadband to Enhance Financial Inclusion |
title_short |
Using Broadband to Enhance Financial Inclusion |
title_full |
Using Broadband to Enhance Financial Inclusion |
title_fullStr |
Using Broadband to Enhance Financial Inclusion |
title_full_unstemmed |
Using Broadband to Enhance Financial Inclusion |
title_sort |
using broadband to enhance financial inclusion |
publisher |
Inter-American Development Bank |
url |
http://dx.doi.org/10.18235/0007007 https://publications.iadb.org/en/using-broadband-enhance-financial-inclusion |
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AT interamericandevelopmentbank usingbroadbandtoenhancefinancialinclusion |
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