Mobile Banking Adoption Among Rural Consumers: Evidence from India

Recently, Financial Inclusion has received greater attention, as it is a key to economic growth and equality, growth of the business, and stability of financial and banking systems. In the process of understanding how technology is useful for financial inclusion, the study tries to understand the elements that prompt the perceived acceptability of mobile banking among the low income and low literate stratum. To explore these elements, the current piece of work utilized the Unified theory of acceptance and use of technology and with the addition of component of perceived risk. The research utilized convenience sampling to collect data from the respondents having Jan Dhan account. The results show that performance expectancy, effort expectancy, social influence, and perceived risk have a significant influence on intention to use mobile banking among financial inclusion stratum. Surprisingly, the facilitating conditions were found insignificant. The outcomes of the research can guide banks and technology houses to develop a more user-acceptable mobile banking system. Also, the outcome will help policymakers to enhance mobile banking system adoption for financial inclusion by considering influencing elements

Financial Technology Solutions for Financial Inclusion: A review and future agenda

Objective- This research aims to review the extant literature and the contribution of digital technology (DT) in financial inclusion (FI). In this study, researchers attempted to suggest some directions to policymakers towards furthering the initiatives for financial inclusion. The objectives are to explore user behaviour for technology adaptation of financial transactions. Design/ Methodology- A systematic literature review was conducted by using a method suggested by Cook and West (2012). The articles were selected between 2001 to 2020. Keywords such as ‘digital technology’ and Financial Inclusion (FI) were chosen for study. Full text articles in English language from SCOPUS, Web of Science and Google scholar were considered. A conceptual framework has been suggested based on the literature review, which can help future researchers to examine the current issues and challenges in the financial technology and digital technology field. Findings/Conclusion- The overall review of existing literature available on the topic signifies that digital technology is the driver of FI and economic growth. However, there are some gaps noted on which future studies can focus. Originality/Contribution/Value-In the literature review, research papers deal with problems, factors, and gaps in the use of digital technology. Thus, there is a need for more research on this topic. It is a unique study in the context of emerging economies

Human computer interaction for international development: past present and future

Recent years have seen a burgeoning interest in research into the use of information and communication technologies (ICTs) in the context of developing regions, particularly into how such ICTs might be appropriately designed to meet the unique user and infrastructural requirements that we encounter in these cross-cultural environments. This emerging field, known to some as HCI4D, is the product of a diverse set of origins. As such, it can often be difficult to navigate prior work, and/or to piece together a broad picture of what the field looks like as a whole. In this paper, we aim to contextualize HCI4D—to give it some historical background, to review its existing literature spanning a number of research traditions, to discuss some of its key issues arising from the work done so far, and to suggest some major research objectives for the future

Mobile Money: Understanding and Predicting its Adoption and Use in a Developing Economy

Access to financial institutions is difficult in developing economies and especially for the poor. However, the widespread adoption of mobile phones has enabled the development of mobile money systems that deliver financial services through the mobile phone network. Despite the success of mobile money, there is a lack of quantitative studies that unveil which factors contribute to the adoption and sustained usage of such services. In this paper, we describe the results of a quantitative study that analyzes data from the world's leading mobile money service, M-Pesa. We analyzed millions of anonymized mobile phone communications and M-Pesa transactions in an African country. Our contributions are threefold: (1) we analyze the customers' usage of M-Pesa and report large-scale patterns of behavior; (2) we present the results of applying machine learning models to predict mobile money adoption (AUC=0.691), and mobile money spending (AUC=0.619) using multiple data sources: mobile phone data, M-Pesa agent information, the number of M-Pesa friends in the user's social network, and the characterization of the user's geographic location; (3) we discuss the most predictive features in both models and draw key implications for the design of mobile money services in a developing country. We find that the most predictive features are related to mobile phone activity, to the presence of M-Pesa users in a customer's ego-network and to mobility. We believe that our work will contribute to the understanding of the factors playing a role in the adoption and sustained usage of mobile money services in developing economies.Comment: Accepted for publication in ACM IMWUT (Ubicomp) 201

Mobile banking adoption: a bibliometric analysis

[ES] La reciente explosión del uso de aplicaciones en los negocios ha generado nuevos canales de interacción y comunicación con los clientes que están modificando el comportamiento del consumidor. El sector bancario no podía quedarse atrás, implementando la banca móvil para facilitar la relación con los clientes al proporcionar en tiempo real la información financiera del titular de la cuenta y ampliar la gama de servicios disponibles en las sucursales. Es por este motivo que surge el interés en realizar una análisis bibliométrico sobre los estudios de adopción de banca móvil que se han llevado a cabo y ser capaces de identificar tendencias y futuras líneas de investigación. Los datos para el análisis se obtuvieron de la base de datos Elsevier Scopus. La consulta de búsqueda consistió en todas las publicaciones con la frase "adopción de banca móvil" en su título, resumen o palabras clave. Esta búsqueda se realizó el 6 de marzo de 2018, con 94 documentos, incluidos 58 artículos, 26 documentos de conferencia, 4 revisiones, 3 revisiones de conferencia, 2 capítulos de libro y 1 artículo en prensa, que cubren el período de 2005 a febrero de 2018. Se concluyó que el tema está en tendencia, ya que hay muchas publicaciones conjuntas, las publicaciones de múltiples autores representan aproximadamente las tres cuartas partes de todas las publicaciones, los continentes asiático y europeo lideran el número de publicaciones, siendo India y Finlandia los principales países.[EN] The recent explosion of the use of applications in business has generated new channels of interaction and communication with customers that are modifying consumer behavior. The banking sector could not be left behind, implementing mobile banking to facilitate the relationship with customers by providing in real time the financial information of the account holder and expanding the range of services available in the branches, which is why the interest in carry out a bibliometric analysis on the mobile banking adoption studies that have been carried out and be able to identify trends and future lines of research. The data for the analysis were obtained from the Elsevier Scopus database. The search query consisted of all publications with the phrase "mobile banking adoption" and "m-banking adoption" in its title, summary or keywords. This search was made on March 6, 2018, yielding 94 documents, including 58 articles, 26 conference papers, 4 reviews, 3 conference reviews, 2 book chapters and 1 article in press, covering the period from 2005 to February 2018. It can be concluded that the subject is in tension, there being a lot of joint publication, the publications of multiple authors represent approximately three-quarters of all publications, the Asian and European continents lead the number of publications being India and Finland the main countries