The study investigates the digital technology-financial inclusion nexus in 43 Sub-Saharan African countries between 2004 and 2019. The methodologies are the Generalized Method of Moment (GMM) to take care of double causality and country heterogeneity and IV-Tobit to take into account the limited range in the dependent variables. At all levels, digital technology measured by ICT indicators of the subscription rate of fixed and mobile telephone users, fixed broadband, internet users and a composite indicator of digitalization have positive significant effects on financial inclusion. A further robustness check is conducted by computing a composite indicator of financial inclusion to determine how it is affected by digital technology. The findings indicate that the rate of financial inclusion in Sub Saharan Africa rises with increasing digital technologies. There should be more investments in terms of promoting financial and technological infrastructures and also in the human capital sector since financial literacy can play an important part in promoting financial stability and inclusive finance in Africa.

该研究调查了 2004 年至 2019 年间 43 个撒哈拉以南非洲国家的数字技术与金融普惠关系。这些方法是广义矩量法 (GMM) 来处理双重因果关系和国家异质性，IV-Tobit 来考虑因变量的有限范围。在各个层面，以固定和移动电话用户、固定宽带、互联网用户和数字化综合指标等ICT指标衡量的数字技术对普惠金融具有显着的积极影响。通过计算普惠金融的综合指标来进行进一步的稳健性检查，以确定它如何受到数字技术的影响。调查结果表明，撒哈拉以南非洲地区的金融包容率随着数字技术的发展而上升。应该在促进金融和技术基础设施以及人力资本部门方面进行更多投资，因为金融知识可以在促进非洲金融稳定和包容性金融方面发挥重要作用。