Impacts of Digital Financial Services in Agriculture: A Systematic Literature Review

Financial inclusion has taken centre attention on the global development agenda over the past few decades, aligning with the Sustainable Development Goals (SDGs). International organisations, governments, and donors have dedicated substantial resources to promote digital finance initiatives in developing regions. The premise behind this initiative is that access to digital financial services can substantially reduce transaction costs, offer secure savings solutions, expand access to credit and insurance, and, consequently, contribute to achieving multiple SDGs. Recent literature reviews have mainly focused on mobile financial services’ impact on transactions, such as government-to-person (G2P), person-to-person (P2P), cash transfers, and remittances, as well as their effects on household income and resilience to economic shocks.