MOBILE BANKING: A TOOL FOR FINANCIAL INCLUSION

Abstract

Mobile banking involves provision of financial services through the medium of mobile phones. It assumed significance as a major tool for promoting financial inclusion. This is especially so in developing countries which were characterized by inadequate banking system, large unbanked population, cash based transactions, dependence on informal means for transferring funds. Mobile banking came to be viewed as an alternative to cash and traditional paper based system of banking as the number of mobile subscribers was more than bank account holders. Mobile technology is used to provide financial access to unbanked population thereby enabling them to undertake financial transactions with greater convenience and without any additional cost. Several countries especially in the Sub Saharan African region have adopted it with varying degrees of success and achieved financial inclusion to some extent. The present study explores the models adopted for mobile banking in Indian context, its potentiality in achieving financial inclusion, progress achieved so far and suggestions for addressing the weaknesses

Authors and Affiliations

K. MEENA KUMARI

Keywords

Related Articles

Generation Y Trends in Choosing an Employer: Impact of Employer Branding Toward Intention to Apply in E-Commerce Companies in Indonesia

While a growing startup in Indonesia, large companies in Indonesia are rapidly responding to changes to compete against startups in the labor market. The increasing foreign investment in IT Startup Company in Indonesia o...

THE IMPACT OF INDEPENDENT DIRECTOR ON BOARD OF DIRECTORS ON FIRM'S PERFORMANCE EVIDENCE FROM INDONESIA

Independent directors and ownership concentration are two important things at corporate governance that affects the firm performance. Independent Directories considered capable to improve the performance of the company a...

Sri Lankan Female Consumers' Perception of Sports Bras

With the present global trend of focusing on health-conscious lifestyles, the demand for sportswear has increased markedly. Sports bras form the a main category of the women’s sportswear apparel industry. This study focu...

A STUDY ON CONSUMER DECISION MAKING STYLES ON PACKED READY TO HEAT AND EAT FOOD PRODUCTS IN BANGALORE CITY

India has undergone dramatic change in food industry, especially in packed ready to heat and eat food products. The aim of the study is to use the framework of consumer decision making styles towards food product involve...

Consumer Buying Behaviour and Effect of Advertisement Medias on Textile Products - A Study

India is a diverse country with different cultures, caste and creed. Therefore, the choice is also differ from person to person. Today, the consumption is no more a process due to the need of consumers but, in accordance...

Download PDF file
  • EP ID EP219325
  • DOI -
  • Views 154
  • Downloads 0

How To Cite

K. MEENA KUMARI (2017). MOBILE BANKING: A TOOL FOR FINANCIAL INCLUSION. International Journal of Business Management & Research (IJBMR), 7(1), 19-26. https://europub.co.uk/articles/-A-219325