Effect of mobile financial services on financial behavior in developing economies-Evidence from India
The study examines the relationship between mobile financial services and individual financial behavior in India wherein a sizeable population is yet to be financially included. Addressing the endogeneity associated with the use of mobile financial services using an instrumental variable method, the study finds that the use of mobile financial services increases the likelihood of investment, having insurance and borrowing from formal financial institutions. Further, the analysis highlights that access to mobile financial services have the potential to bridge the gender divide in financial inclusion. Fastening the pace of access to mobile financial services may partially alter pandemic induced poverty.
Code (0)
등록된 구현이 없습니다.
Similar Papers 제목 키워드 기반
Machine Learning Across Cultures: Modeling the Adoption of Financial Services for the Poor
Recently, mobile operators in many developing economies have launched "Mobile Money" platforms that deliver basic financial services over the mobile phone network. While many believe that these services can improve the l…
BIG-bench Machine LearningExploring Causes, Effects, and Solutions to Financial Illiteracy and Exclusion among Minority Demographic Groups
Americans across demographic groups tend to have low financial literacy, with low-income people and minorities at highest risk. This opens the door to the exploitation of unbanked low-income families through high-interes…
Determinants of Mobile Money Adoption in Pakistan
In this work, we analyze the problem of adoption of mobile money in Pakistan by using the call detail records of a major telecom company as our input. Our results highlight the fact that different sections of the society…
Financial literacy, robo-advising, and the demand for human financial advice: Evidence from Italy
This paper investigates the impact of objective financial knowledge, confidence in one's financial skills, and digital financial literacy on individuals' decisions to seek financial advice from robo-advice platforms. Usi…
AI Adoption to Combat Financial Crime: Study on Natural Language Processing in Adverse Media Screening of Financial Services in English and Bangla multilingual interpretation
This document explores the potential of employing Artificial Intelligence (AI), specifically Natural Language Processing (NLP), to strengthen the detection and prevention of financial crimes within the Mobile Financial S…
Optical Character Recognition (OCR)