Determinants of Ict Adoption In The Financial Sector In Subsaharan Africa

International Journal of Economics and Management Studies
© 2020 by SSRG - IJEMS Journal
Volume 7 Issue 9
Year of Publication : 2020
Authors : Koriko Moubarak
How to Cite?

Koriko Moubarak, "Determinants of Ict Adoption In The Financial Sector In Subsaharan Africa," SSRG International Journal of Economics and Management Studies, vol. 7,  no. 9, pp. 48-55, 2020. Crossref,


This paper seeks to capture the determinants of ICT adoption in the financial sector. Estimating the client ICT adoption model using the fixed effect estimator reveals that people's access to electricity and school education influence ICT adoption by SSA populations. For ICT adoption by financial institutions, we used a simultaneous equation model. For the estimation of this model, we used two estimation techniques. These are the 3SLS and SURE estimators. The consistent results of these two estimators highlight the determinant effect of the adoption of ICT by clients on the adoption of these technologies by financial institutions. This positive effect of individual adoption of ICTs is even reinforced by people's access to electricity and education. Similarly, ICTs are an important tool for large banks to increase their market power and improve their efficiency in delivering clients' financial services.


ICT, adoption, banks, financial sector.


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