Effect of mobile financial services on financial behavior in developing\n economies-Evidence from India

2021/09/15 by Shreya Biswas, Biswas, Shreya
Economics, Econometrics and Finance · Computer Science · Business, Management and Accounting · #Microfinance and Financial Inclusion #Economic Growth and Development #FinTech, Crowdfunding, Digital Finance

paper · pdf · doi:10.48550/arxiv.2109.07077

Abstract

The study examines the relationship between mobile financial services and\nindividual financial behavior in India wherein a sizeable population is yet to\nbe financially included. Addressing the endogeneity associated with the use of\nmobile financial services using an instrumental variable method, the study\nfinds that the use of mobile financial services increases the likelihood of\ninvestment, having insurance and borrowing from formal financial institutions.\nFurther, the analysis highlights that access to mobile financial services have\nthe potential to bridge the gender divide in financial inclusion. Fastening the\npace of access to mobile financial services may partially alter pandemic\ninduced poverty.\n

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