Determinants of digital finance in India

Bibliographic Data

ID6149826
AuthorsChandralekha Ghosh (0000-0001-5598-4500, West Bengal State University, corresponding author), Rimita Hom Chaudhury (0000-0001-6837-0815, West Bengal State University)
Year2020
Volume12
Issue3
Pages343-362
Publication date2020-12-01
Peer ReviewedYes
Open AccessNo
TypeARTICLE
VenueInnovation and Development (JOURNAL)
Journal identifiersISSN: 2157-9318 • E-ISSN: 2157-930X
PublisherTaylor & Francis (PUBLISHER • GB)
DOI10.1080/2157930x.2020.1850012
OpenAlexW3106563372
LanguageEN
Citations received4
References cited16

Digital finance can act as a catalyst to promote the growth of financial inclusion. Since 2014, the Indian government has taken various steps to uplift the use of digital finance, one of them is demonetization. It was a major initiative by the government to move society towards cashless economy. In spite of large-scale demonetization overwhelming majority are not using digital finance in India. In this context, this study aims to evaluate the determinants and the impact of demonetization on digital finance and also whether demonetization has enhanced or reduced the pre-existing gender gap in terms of digital finance in case of India. Findings suggest that being a man, richer, more educated and older favours digital technology to avail financial services. The impact of education and income level on use of digital finance are more pronounced in post demonetization period (2017) than pre demonization period (2014). Results on gender gap have strongly proven this fact, but a positive gap still exits, implying women are still lagging behind than men

Business · Context (archaeology · Development economics · Economics · Financial inclusion · Financial services · Financial system · Geography · Government (linguistics · Lagging · Scale (ratio · Financial Literacy, Pension, Retirement Analysis · FinTech, Crowdfunding, Digital Finance · Microfinance and Financial Inclusion · Finance

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