Quantifying the Impact of Mobile Banking in Evolving India’sFinancial Inclusion Drive
DOI:
https://doi.org/10.26703/JCT.v18i2-2Keywords:
Mobile, Technology, Transactions, Services, FinanceAbstract
The convenience of mobile banking services is well recognized. The expansion of this platform onto mobile networks in India and the rising number of users have made it a viable option for the financially excluded. While the high costs of establishing an online marketplace have kept most people out, the widespread availability of mobile phones has made it possible for everyone to participate in the global marketplace. Mobile payments, mobile microfinance, and mobile banking will be the three distinct subsets of mobile financial services (payment of bills or account information like account balances or notifications). Business needs and preferences, mobile technological infrastructure, the development of economic services, and the regulatory environment in each given market all have a role in shaping the kind and scope of available services
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