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Catalysing financial inclusion in South Africa's rural landscape: a theoretical discourse of PoS business model

In countries like South Africa, where cash plays a pivotal role in social and economic life, limited access to financial institutions, in rural areas has led to significant economic challenges for citizens and businesses. This limitation has further exacerbated the financial exclusion of the underse...

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Main Author: Iwara, Ishmael Obaeko
Format: Article
Language:English
Published: Penerbit Universiti Kebangsaan Malaysia 2024
Online Access:http://journalarticle.ukm.my/23782/1/448-459%2074711-246004-1-PB.pdf
http://journalarticle.ukm.my/23782/
https://ejournal.ukm.my/ebangi/index
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spelling my-ukm.journal.237822024-07-09T03:15:35Z http://journalarticle.ukm.my/23782/ Catalysing financial inclusion in South Africa's rural landscape: a theoretical discourse of PoS business model Iwara, Ishmael Obaeko In countries like South Africa, where cash plays a pivotal role in social and economic life, limited access to financial institutions, in rural areas has led to significant economic challenges for citizens and businesses. This limitation has further exacerbated the financial exclusion of the underserved population resonating with poor economic growth. In addressing the issue, this desktop-based theoretical discourse, draws on the Technology Acceptance Model, Schumpeterian Entrepreneurship Theory, and Circular Flow of Income Model to conceptualise cash point-of-sale business model, as an innovative mechanism with the potential to spearhead the country’s financial inclusion efforts, entrepreneurial imperatives and local economic participation. The findings provide valuable insights for policymakers and financial institutions to design and implement effective financial inclusion policies in rural areas. By addressing unique challenges faced by rural communities, such as limited infrastructure and lower levels of education, a more inclusive and resilient financial ecosystem can be achieved, contributing to broader social and economic development goals in South Africa's rural landscape. An exploratory empirical study is further recommended to pave the way for the development of a contextual framework to guide the model’s implementation in South Africa. Penerbit Universiti Kebangsaan Malaysia 2024-05 Article PeerReviewed application/pdf en http://journalarticle.ukm.my/23782/1/448-459%2074711-246004-1-PB.pdf Iwara, Ishmael Obaeko (2024) Catalysing financial inclusion in South Africa's rural landscape: a theoretical discourse of PoS business model. e-Bangi Journal of Social Sciences and Humanities, 21 (2). pp. 448-459. ISSN 1823-884x https://ejournal.ukm.my/ebangi/index
institution Universiti Kebangsaan Malaysia
building Tun Sri Lanang Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universiti Kebangsaan Malaysia
content_source UKM Journal Article Repository
url_provider http://journalarticle.ukm.my/
language English
description In countries like South Africa, where cash plays a pivotal role in social and economic life, limited access to financial institutions, in rural areas has led to significant economic challenges for citizens and businesses. This limitation has further exacerbated the financial exclusion of the underserved population resonating with poor economic growth. In addressing the issue, this desktop-based theoretical discourse, draws on the Technology Acceptance Model, Schumpeterian Entrepreneurship Theory, and Circular Flow of Income Model to conceptualise cash point-of-sale business model, as an innovative mechanism with the potential to spearhead the country’s financial inclusion efforts, entrepreneurial imperatives and local economic participation. The findings provide valuable insights for policymakers and financial institutions to design and implement effective financial inclusion policies in rural areas. By addressing unique challenges faced by rural communities, such as limited infrastructure and lower levels of education, a more inclusive and resilient financial ecosystem can be achieved, contributing to broader social and economic development goals in South Africa's rural landscape. An exploratory empirical study is further recommended to pave the way for the development of a contextual framework to guide the model’s implementation in South Africa.
format Article
author Iwara, Ishmael Obaeko
spellingShingle Iwara, Ishmael Obaeko
Catalysing financial inclusion in South Africa's rural landscape: a theoretical discourse of PoS business model
author_facet Iwara, Ishmael Obaeko
author_sort Iwara, Ishmael Obaeko
title Catalysing financial inclusion in South Africa's rural landscape: a theoretical discourse of PoS business model
title_short Catalysing financial inclusion in South Africa's rural landscape: a theoretical discourse of PoS business model
title_full Catalysing financial inclusion in South Africa's rural landscape: a theoretical discourse of PoS business model
title_fullStr Catalysing financial inclusion in South Africa's rural landscape: a theoretical discourse of PoS business model
title_full_unstemmed Catalysing financial inclusion in South Africa's rural landscape: a theoretical discourse of PoS business model
title_sort catalysing financial inclusion in south africa's rural landscape: a theoretical discourse of pos business model
publisher Penerbit Universiti Kebangsaan Malaysia
publishDate 2024
url http://journalarticle.ukm.my/23782/1/448-459%2074711-246004-1-PB.pdf
http://journalarticle.ukm.my/23782/
https://ejournal.ukm.my/ebangi/index
_version_ 1805885785624281088
score 13.211869

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