The Digitalization Of The Financial System In Algeria: Issues, Challenges, And Prospects For Financial Inclusion
Auteurs : Zaoui Djamila .
Résumé
Financial system digitalization is a key driver of financial inclusion in developing economies. This study examines Algeria’s digital financial transformation and its contribution to access to financial services. Using data from the Bank of Algeria, World Bank Global Findex, IMF, and other international sources, the study identifies significant progress between 2020 and 2024, with increases of 20.2% in bank cards, 28.1% in electronic payment terminals, and 61.3% in online transactions. However, financial inclusion remains limited, as account ownership stands at 44% and digital payment usage at 13%, with persistent gender, age, and geographical disparities. The study highlights the need for regulatory reforms, stronger digital infrastructure, and a coherent national strategy to accelerate Algeria’s transition toward a cashless economy by 2028.
Mots clés
financial digitalization ; digital transformation ; financial inclusion ; digital banking services ; FinTech
