Promoting Financial Inclusion Through Digital Wallets: An Empirical Study with Street Vendors

M. Rizwana (), Padmalini Singh () and P. V. Raveendra ()
Additional contact information
M. Rizwana: Ramaiah Institute of Technology
Padmalini Singh: RV Institute of Management
P. V. Raveendra: Ramaiah Institute of Technology

A chapter in Financial Inclusion in Emerging Markets, 2021, pp 281-293 from Springer

Abstract: Abstract The present research work essentially targets the street vendors who hold a significant position in catering the needs of human masses and who belong to middle and lower strata of the society. The core aim of the study is to identify the factors that motivates and demotivates the street vendors towards the usage of mobile wallets. The study examines how well the street vendors have adopted digital wallets for payment method. The study also attempted to examine how the digital payment system has made the street vendors to be a part of banking system through financial inclusion. By employing purposive sampling technique, a sample of 200 respondents were selected from Bangalore and Mysore region of Karnataka, India. The overall results showed that the penetration of mobile technology has provided wonderful opportunities for the development of digital payment systems and paved way for so many unbanked individuals who were financially excluded to fall under the purview of banking system.

Keywords: Street vendors; Digital payment; Digital wallet (search for similar items in EconPapers)
Date: 2021
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-981-16-2652-4_14

Ordering information: This item can be ordered from
http://www.springer.com/9789811626524

DOI: 10.1007/978-981-16-2652-4_14

Access Statistics for this chapter

More chapters in Springer Books from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().