Financial Inclusion in post COVID scenario: A case study of Pakistan

Main Article Content

Sana Farhad
Jamil Farid
Anoosha Ashfaq Shah

Abstract

The world is shifting from conventional, time-consuming ways of transaction to the world of mobile phones where they can make all their transactions with easy access, cost-effective, and sustainable ways. In Pakistan after 2008 state banks regularized branchless banking. The purpose of this study is to analyze the trend of mobile money in the last six years’ time period. The research uses quarterly data from 2015-2020 related to factors impacting mobile financial inclusion in Pakistan like mobile wallet transactions, over the counter transactions, total transaction value and volume, average daily transactions, mobile money accounts and usage segmented by gender, active accounts, agent data, and deposit amounts. We have analyzed that the trend of mobile money has increased in the last six years’ time period. The volume of mobile money in different provinces of Pakistan and Pakistan as a whole is increased. On the other hand, both males and females have an active role in financial inclusion. Though the ratio of the female is relatively low as compared to the men but overall, both have a significant role towards mobile money.

Article Details

How to Cite
Financial Inclusion in post COVID scenario: A case study of Pakistan. (2024). Journal of Economic Info, 11(1), 15-27. https://doi.org/10.31580/27k3v842
Section
Research Article

How to Cite

Financial Inclusion in post COVID scenario: A case study of Pakistan. (2024). Journal of Economic Info, 11(1), 15-27. https://doi.org/10.31580/27k3v842

References

Abbass, A., Khan, R., &Kanwal, S. (2019). Factors Affecting the Adoption of Mobile Banking in Pakistan. Global Scientific Journals, 7(7). https://www.globalscientificjournal.com/researchpaper/Factors_Affecting_the_Adoption_of_Mobile_Banking_in_Pakistan.pdf

CGAP. (2019, November 20). CGAP: Empowering the poor through financial services. Cgap.org. https://www.cgap.org/

FIGI. (2021). Financial Inclusion Global Initiative (FIGI). World Bank. https://www.worldbank.org/en/topic/financialinclusion/brief/figi

FINCA. (2017). FINCA Impact Finance. FINCA Microfinance Global Services LLC. https://www.fincaimpact.com/

Hassan, J., Muhammad, N., Sarwar, B., & Zaman, N. U. (2020). Sustainable Development through Financial Inclusion: The Use of Financial Services and Barriers in Quetta-Pakistan. European Online Journal of Natural and Social Sciences, 9(4), pp. 691–707. https://european-science.com/eojnss/article/view/6084

K-FIS. (2020). Karandaaz Financial Inclusion Survey (K-FIS). Portal.karandaaz.com.pk. https://portal.karandaaz.com.pk/category/karandaaz_financial_inclusion_survey_insight/2014

Karandaz.pk. (2016, November 22). Non-Profit Company Promoting Access to Finance For SMEs. Karandaaz Pakistan. https://karandaaz.com.pk/

Khan, I., & Rashid, N. (2015). Using Mobile Money to Promote Financial Inclusion in Pakistan. https://karandaaz.com.pk/wp-content/uploads/2017/02/Using-Mobile-Money-to-Promote-Financial-Inclusion-in-Pakistan.pdf

Kiani, A. (2019). "Impact of Financial Intermediation and Financial Sector Efficiency on Economic Growth in Pakistan ". Journal of Independent Studies and Research-Management, Social Sciences and Economics, 17(1), 21–39. https://doi.org/10.31384/jisrmsse/2019.17.1.2

Pasha, M. (2016). What Will It Take for Pakistan to Achieve Financial Inclusion? World Bank. https://www.worldbank.org/en/news/feature/2016/02/08/what-will-it-take-for-pakistan-to-achieve-financial-inclusion

Rastogi, S., & Ragabiruntha,E. (2018). Financial inclusion and socioeconomic development: gaps and solution. International Journal of Social Economics, 45(7), 1122–1140. https://doi.org/10.1108/ijse-08-2017-0324

Raza, M. S., Tang, J., Rubab, S., & Wen, X. (2019). Determining the nexus between financial inclusion and economic development in Pakistan. Journal of Money Laundering Control, 22(2), 195–209. https://doi.org/10.1108/jmlc-12-2017-0068

Stestudylib. (2018). Branchless Banking in Pakistan: A Laboratory for Innovation. Studylib.net. https://studylib.net/doc/8824373/branchless-%20banking-in-pakistan--a-laboratory-for-innovation

World Bank. (2021). The Global Findex Database 2021. World Bank. https://www.worldbank.org/en/publication/globalfindex

Zulfiqar, K., Chaudhary, M. A., & Aslam, A. (2016). Financial Inclusion and its Implications for Inclusive Growth in Pakistan. Pakistan Economic and Social Review, 54(2), 297–325. https://www.jstor.org/stable/26616711

Most read articles by the same author(s)

1 2 3 4 5 6 7 8 9 > >> 

Similar Articles

You may also start an advanced similarity search for this article.