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Rural Consumers’ Financial Literacy and Access to FinTech Services

Morshadul Hasan, Thuhid Noor, Jiechao Gao, Muhammad Usman, Abedin Abedin

Journal of the Knowledge Economy, Volume: 14, Issue: 2, Pages: 780 - 804

Swansea University Author: Abedin Abedin

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Abstract

The study aims to show the impact of financial knowledge among rural consumers’ access to financial technology services. In general, knowledge regarding any particular fact helps consumers to select or reject different options. Therefore, knowledge regarding financial services is considered a factor...

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Published in: Journal of the Knowledge Economy
ISSN: 1868-7865 1868-7873
Published: Springer Science and Business Media LLC 2023
Online Access: Check full text

URI: https://cronfa.swan.ac.uk/Record/cronfa64257
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Abstract: The study aims to show the impact of financial knowledge among rural consumers’ access to financial technology services. In general, knowledge regarding any particular fact helps consumers to select or reject different options. Therefore, knowledge regarding financial services is considered a factor that influences access to financial technology services. This study carries out a survey-oriented method with a structured questionnaire. According to the data category, this study uses three well-known econometric models: logistic regression, probit regression, and complementary log–log regression, have been experimented. This study finds that knowledge regarding various factors significantly impact on access to financial technology services. Mainly, this study has important practical significance for the use of rural finance and financial technology in rural areas, which affects the entire economy.
Keywords: Financial knowledge, Financial literacy, FinTech access, Financial inclusion in Bangladesh, Rural finance, Inclusive finance
College: Faculty of Humanities and Social Sciences
Issue: 2
Start Page: 780
End Page: 804