Financial inclusion in Mexico: Socio-demographic predictors increasing barriers

Osmar Axel Cervantes Cabrera 1, Oluwaseun Ibukun 2, *, Emelia-Naana Baah 3 and Bankole Kumolu-Johnson 4

1 Accounting and Business School Universidad Autonoma de San Luis, Finance Department, Potosi, Mexico.
2 University of Toledo, Spatially Integrated Social Science, Department of Geography and Planning, Toledo, Ohio, United States.
3 Trent University, Economics department, Peterborough, Ontario, Canada.
4 Bowling Green State University, School of Counseling, Higher Education, Leadership and Foundation, Bowling Green, Ohio, United States.
 
Research Article
International Journal of Science and Research Archive, 2024, 12(01), 007-017.
Article DOI: 10.30574/ijsra.2024.12.1.0751
Publication history: 
Received on 15 March 2024; revised on 25 April 2024; accepted on 27 April 2024
 
Abstract: 
Financial inclusion is a fundamental pillar of development. Access to financial products and services broadens economic opportunities for individuals and firms and helps governments design and deliver transfers more effectively. For policymakers, increasing financial inclusion is a tool to accelerate growth, reduce inequality, and boost productivity for small and medium-sized enterprises. This paper aims to contribute to the literature on the sociodemographic characteristics that increase the barriers to financial inclusion in Mexico and to discuss their policy implications.
 
Keywords: 
Financial Inclusion; Mexico; Economic Growth; National Financial Inclusion Survey
 
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