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Financial services to the unbanked: The case of the Mzansi intervention in South Africa

Kostov, P and Arun, T and Annim, S (2014) 'Financial services to the unbanked: The case of the Mzansi intervention in South Africa.' Contemporary Economics, 8 (2). 191 - 206. ISSN 2084-0845

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Abstract

The Mzansi intervention is a major initiative designed to provide banking services to the unbanked South African population. This study investigates the underlying variables that define the choice of a Mzansi account from a consumer perspective. Unlike previous studies, we do not assume that demand for financial services is a given but instead that it is underlain by perceptions and attitudes. Financial attitudes and perceptions are found to exert significant effects on financial choices. In particular, aspirations and forward-looking values are instrumental in facilitating access to finance.

Item Type: Article
Subjects: H Social Sciences > HG Finance
Divisions: Faculty of Social Sciences > Essex Business School
Faculty of Social Sciences > Essex Business School > Essex Accounting Centre
Depositing User: Jim Jamieson
Date Deposited: 19 May 2016 15:27
Last Modified: 30 Jan 2019 16:23
URI: http://repository.essex.ac.uk/id/eprint/16735

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