The potential of electronic payment mechanisms to enhance financial inclusion in Algeria an analytical study

Abstract

This research analyzes the role of electronic payment mechanisms in fostering financial inclusion in Algeria through an in-depth analytical approach. Findings indicate a gradual increase in adoption, driven by improved digital infrastructure and rising bank account/ATM numbers. However, structural challenges like weak infrastructure, limited financial literacy, and an outdated legislative framework impede wider expansion. The paper emphasizes developing inclusive financial services for low-income and informal sector workers. It also stresses enhanced collaboration among stakeholders to support digital financial transformation and broaden formal banking access.