Financial Inclusion in Turkey: A Comparative Analysis


Bulut A. E.

in: Major Socio-Economic Issues and Solutions, Ümit Güner Bülent Adil, Editor, Gazi Yayın Dağıtım, Ankara, pp.279-296, 2022

  • Publication Type: Book Chapter / Chapter Research Book
  • Publication Date: 2022
  • Publisher: Gazi Yayın Dağıtım
  • City: Ankara
  • Page Numbers: pp.279-296
  • Editors: Ümit Güner Bülent Adil, Editor
  • Dokuz Eylül University Affiliated: Yes

Abstract

The degree of financial inclusion in Turkey is compared to that of middle and high-income countries in this study. The number of ATMs and bank branches are determined to be at the level of high-income countries among the indicators of financial inclusion. This is due to Turkey's implementation of financial inclusion focusing on labor saving. Women's financial inclusion is determined to be comparable to that of middle-income nations. Furthermore, according to demographic and socioeconomic factors such as rural population and income distribution, educational status is at the level of middle-income nations. In order to increase the level of financial inclusion in Turkey, the economic inequality between women and men must be eliminated. In addition, income distribution disparity is viewed as an issue. In addition, it is important to develop financial inclusion in rural areas by ensuring the diversity of products at a level that can meet sociocultural needs of the policies to be implemented. It is necessary to include low-educated individuals and those living in rural regions in the financial system for Turkey to attain the level of high-income countries.