Technology-mediated financial education in developing countries: a systematic literature review

AbstractFinancial education mediated by technology has the potential to reduce disparities in financial literacy in developing countries. Technology-mediated financial education provides numerous advantages, such as scalability, cost-effectiveness, adaptability and the capacity to reach underserved...

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Main Author: Abebe Walle Menberu
Format: Article
Language:English
Published: Taylor & Francis Group 2024-12-01
Series:Cogent Business & Management
Subjects:
Online Access:https://www.tandfonline.com/doi/10.1080/23311975.2023.2294879
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author Abebe Walle Menberu
author_facet Abebe Walle Menberu
author_sort Abebe Walle Menberu
collection DOAJ
description AbstractFinancial education mediated by technology has the potential to reduce disparities in financial literacy in developing countries. Technology-mediated financial education provides numerous advantages, such as scalability, cost-effectiveness, adaptability and the capacity to reach underserved populations. Nevertheless, it is important to acknowledge the existence of certain obstacles in this context. These challenges encompass issues such as insufficient infrastructure, disparities in access, language and cultural barriers, as well as the exclusion of marginalized communities. This research article critically examines the existing body of literature on Technology mediated financial education in developing countries and highlights three significant domains that warrant further investigation: comprehensive evaluations of long-term effects, comparative analyses of different delivery approaches and the development of inclusive research methodologies. The research also provides suggestions for policymakers, educators and practitioners, which encompass investing in digital infrastructure, engaging in collaborative efforts with stakeholders, designing customized interventions and implementing comprehensive monitoring and evaluation frameworks.
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spelling doaj.art-c61d96a3e5544d41a923e7a793fef88a2024-02-06T13:16:09ZengTaylor & Francis GroupCogent Business & Management2331-19752024-12-0111110.1080/23311975.2023.2294879Technology-mediated financial education in developing countries: a systematic literature reviewAbebe Walle Menberu0Accounting and Finance, Bahir Dar University, EthiopiaAbstractFinancial education mediated by technology has the potential to reduce disparities in financial literacy in developing countries. Technology-mediated financial education provides numerous advantages, such as scalability, cost-effectiveness, adaptability and the capacity to reach underserved populations. Nevertheless, it is important to acknowledge the existence of certain obstacles in this context. These challenges encompass issues such as insufficient infrastructure, disparities in access, language and cultural barriers, as well as the exclusion of marginalized communities. This research article critically examines the existing body of literature on Technology mediated financial education in developing countries and highlights three significant domains that warrant further investigation: comprehensive evaluations of long-term effects, comparative analyses of different delivery approaches and the development of inclusive research methodologies. The research also provides suggestions for policymakers, educators and practitioners, which encompass investing in digital infrastructure, engaging in collaborative efforts with stakeholders, designing customized interventions and implementing comprehensive monitoring and evaluation frameworks.https://www.tandfonline.com/doi/10.1080/23311975.2023.2294879Financial literacytechnology-mediated financial educationdeveloping countriesDavid McMillan, Bahir Dar University, Accounting and Finance EthiopiaEconomics; Finance; Business, Management and Accounting
spellingShingle Abebe Walle Menberu
Technology-mediated financial education in developing countries: a systematic literature review
Cogent Business & Management
Financial literacy
technology-mediated financial education
developing countries
David McMillan, Bahir Dar University, Accounting and Finance Ethiopia
Economics; Finance; Business, Management and Accounting
title Technology-mediated financial education in developing countries: a systematic literature review
title_full Technology-mediated financial education in developing countries: a systematic literature review
title_fullStr Technology-mediated financial education in developing countries: a systematic literature review
title_full_unstemmed Technology-mediated financial education in developing countries: a systematic literature review
title_short Technology-mediated financial education in developing countries: a systematic literature review
title_sort technology mediated financial education in developing countries a systematic literature review
topic Financial literacy
technology-mediated financial education
developing countries
David McMillan, Bahir Dar University, Accounting and Finance Ethiopia
Economics; Finance; Business, Management and Accounting
url https://www.tandfonline.com/doi/10.1080/23311975.2023.2294879
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