Digital transformation, financial access and discrepancies in household wealth accumulation

In a world where financial capital serves as the backbone of individual and societal economic health, understanding mechanisms that can stimulate or hinder its accumulation is critical. This study explores how accessibility banking services integration digital finance influence wealth, well disparities in household savings. Drawing on data derived from Finscope Consumer Survey for Togo 2016 Harmonized Living Standards Measurement Study 2018 Togo, this employs range analytical methodologies including propensity score matching, double difference, smoothed instrumental variable quantile regression tools. The outcomes underscore access to significantly enhances physical asset investment adoption sound practices rather than an increase bank savings alone. Therefore, emergence be seen missing link formal system’s ability improve efficiency service provision make significant contribution reducing inequalities wealth accumulation. sheds light decrease inequality concerning capacity among households.