Impact of Digital Financial Technology on Financial Inclusion in Sub-Saharan Africa: The Moderation Role of Institutional Quality.

This study looks at how the quality of institutions affects the relationship between digital financial technology and the level of financial inclusion over a 17-year period (2004-2021) in 34 Sub-Saharan African nations. The results of the two-stage system GMM show that digital finance technology has a favourable and considerable impact on financial inclusion. Furthermore, the presence of high-quality institutions strengthens the beneficial association between digital finance technology and financial inclusion, emphasising the significance of institutional quality in promoting digital finance and fostering financial inclusion. The study concludes with policy proposals targeted at increasing regional financial inclusion.