MOBILE BANKING – AN ENABLER FOR FINANCIAL INCLUSION IN INDIA: A REVIEW
Keywords:
Mobile banking, Financial InclusionAbstract
When the majority of a country's population lacks access to banking services or has poor banking services, mobile phones become crucial for inclusive finance. Due to their pervasive nature, mobile phones have become an increasingly important tool of extending access to financial services. With the explosion of mobile phone users in India, it is now possible to reach a far larger percentage of the population by tapping into a wider variety of mobile phone networks. Remote areas would benefit greatly from a mobile banking system due to its convenience, affordability, ease of use, and speed. Enhanced monetary activity contributes to greater economic growth in rural areas.
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