Financial Inclusion in South Asia—Relative Standing, Challenges and Initiatives

Bibliographic Data

ID19451966
AuthorsMukta Mani (0000-0003-1533-8162, Jaypee Institute of Information Technology, corresponding author)
Year2016
Volume23
Issue2
Pages158-179
Publication date2016-09-01
Peer ReviewedYes
Open AccessYes
TypeARTICLE
VenueSouth Asian Survey (JOURNAL)
Journal identifiersISSN: 0973-0788 • E-ISSN: 0971-5231
PublisherSAGE Publications (PUBLISHER • US)
DOI10.1177/0971523118783353
OpenAlexW2881173584
LanguageEN
Citations received9
References cited13

Financial Inclusion is eminent for sustained growth in South Asia. This study is an attempt to measure and comparatively analyze the levels of financial inclusion in South Asian countries. On the basis of eighty-nine parameters, it is found that the situation of financial inclusion in South Asia is modest as compared to other regions of the world. The usage of banking services, use of debit and credit cards, bank-borrowing, deposit of savings is at low levels. The use of e-banking is also extremely low; however, the mobile-banking is picking up. The gender bias is high in most of the countries as there are more male users as compared to female users. Many initiatives are being taken to promote financial inclusion and the situation has also improved data-wise, but there is still is a long way to go. This study is distinguished in providing a comparative picture of South Asian countries

Business · Development economics · Economics · Financial inclusion · Financial services · Financial system · South asia · FinTech, Crowdfunding, Digital Finance · Islamic Finance and Banking Studies · Microfinance and Financial Inclusion · Finance

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