Exploring The Nexus Between Financial Inclusion, Poverty, Digitalization And Sustainable Development Goal

  • Iza Gigauri St. Andrew the First-Called Georgian University, Tbilisi, Georgia
  • Laeeq Razzak Janjua Vistula University, Poland
  • Mirela Panait Petroleum-Gas University of Ploieşti, Romania & Institute of National Economy, Bucharest, Romania
  • Felix Puime Guillen University of A Coruña, Spain
Keywords: Financial inclusion, Sustainability, Poverty, SDGs, Digitalization, Digital economy, Balkan countries, Balkan region


The significance of sustainability has been increasing and also financial organizations adopted a broad view of their purposes to serve all stakeholders. It is important to respond to their social impact. The purpose to empower the digital economy can be achieved through being reliable and enhancing access to financial services to include everyone in the digital economy while cash is used less frequently. The digital transformation can have the potential for expanding access of disadvantaged or unbanked groups to financial services and reduce poverty. Financial inclusion aims at integrating economic agents into the financial system in order to improve economic development but also quality of life. Financial inclusion through digitalization enables accessible and available financial services to people and companies and hence, facilitates to implementation of Sustainable Development Goals. This paper explores the relationship between digitalization, financial inclusion, poverty and sustainability for Balkan countries. It discusses the potential of financial inclusion for economic development.  The paper concludes that digitalization improves accessibility to financial services and contributes to the accomplishment of Sustainable Development Goals. In addition, Remittance inflow, globalization and compliance with the law (measured as role of law index) decreasing poverty in these countries.

Author Biographies

Iza Gigauri, St. Andrew the First-Called Georgian University, Tbilisi, Georgia

St. Andrew the First-Called Georgian University, Tbilisi, Georgia

Laeeq Razzak Janjua, Vistula University, Poland

Vistula University, Poland

Mirela Panait, Petroleum-Gas University of Ploieşti, Romania & Institute of National Economy, Bucharest, Romania

Petroleum-Gas University of Ploieşti, Romania & Institute of National Economy, Bucharest, Romania

Felix Puime Guillen, University of A Coruña, Spain

University of A Coruña, Spain


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How to Cite
Gigauri, I., Janjua, L. R., Panait, M., & Guillen, F. P. (2023). Exploring The Nexus Between Financial Inclusion, Poverty, Digitalization And Sustainable Development Goal. LUMEN Proceedings, 19, 63-81. https://doi.org/10.18662/lumproc/gekos2022/06

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