Electronic Banking Channels and Financial Inclusion among Small and Medium-Sized Enterprises in Mogadishu, Somalia
| dc.contributor.author | Warsame, Abdiaziz Omar | |
| dc.contributor.author | Wamugo, Lucy | |
| dc.contributor.author | Musau, Salome | |
| dc.date.accessioned | 2025-05-12T07:57:13Z | |
| dc.date.available | 2025-05-12T07:57:13Z | |
| dc.date.issued | 2025-05 | |
| dc.description | Article | |
| dc.description.abstract | This study evaluated electronic banking channels effect on financial inclusion among Mogadishu’s small and medium enterprises. It assessed how mobile, Internet banking, Automated Teller Machine banking, and agency banking affect these enterprises financial inclusion, while allowing for financial literacy role. The following theoretical frameworks; technology acceptance model, financial intermediation theory, and financial repression theory were utilized. An explanatory approach was employed and primary data was used. According to Mogadishu Municipal Authority, there are 5,431 Small and Medium-sized Enterprises from various sectors, including retail, services, and manufacturing which served as the target population of this investigation. 461 respondnets were chosen through sampling of random stratification. Data was gathered using a semi-structured questionnaire. Employing descriptive statistics, correlation, and multiple regression analysis were utilize to interpret the quantitative data. The analysis findings were illustrated on tables and figures. Findings revealed that mobile banking significantly and positively (β=0.2452; ρ=0.000) affect financial inclusion; internet banks also noted a significant positive (β=0.3633; ρ=0.000) effect on financial inclusion; automated teller machine unveiled also significant positive effect (β=0.2167; ρ=0.000) on financial inclusion while agency banking uncovered inverse (β= -0.0997) and insignificant (ρ=0.082) effect on financial inclusion. The survey advocates that the government and financial institutions should collaborate to develop and promote tailored mobile banking solutions specifically designed for SMEs. By addressing the unique needs and difficulties confronted by these enterprises, such as limited access to credit and financial literacy, such initiatives can empower business owners to leverage digital financial services effectively. | |
| dc.identifier.citation | Abdiaziz Omar Warsame, Lucy Wamugo, Salome Musau. Electronic Banking Channels and Financial Inclusion among Small and Medium-Sized Enterprises in Mogadishu, Somalia. Asian Journal of Economics, Finance and Management , 2025, 7 (1), pp.284-296. ⟨10.56557/ajefm/2025/v7i1273⟩. ⟨hal-05059518⟩ | |
| dc.identifier.uri | https://ir-library.ku.ac.ke/handle/123456789/30048 | |
| dc.language.iso | en | |
| dc.publisher | journaleconomics | |
| dc.title | Electronic Banking Channels and Financial Inclusion among Small and Medium-Sized Enterprises in Mogadishu, Somalia | |
| dc.type | Article |