Effect of Mobile Financial Services on the Living Standard of Underprivileged Workers in Bangladesh


Authors : Mazharul Hasan Mazumder; Sayma Sadia Shawon; Sakufa Chowdhury

Volume/Issue : Volume 7 - 2022, Issue 3 - March

Google Scholar : https://bit.ly/3IIfn9N

Scribd : https://bit.ly/3rCuBYi

DOI : https://doi.org/10.5281/zenodo.6471747

The impact of financial inclusion has been seen on the underprivileged people. As financial inclusion indicates as to “delivery of financial services at affordable costs to disadvantaged and low-income segments of society”, the poor and low-income segments of the country are getting benefits from this. The main objective of the study is to find out the interface between financial inclusion (mobile financial services) and the living standard of underprivileged workers of Bangladesh. This study has conducted based on the quantitative method. Data was collected mainly from the primary as well as secondary sources. Primary data were collected from the underprivileged workers living in different haor areas using structured questionnaire. Total 386 respondents’ data were considered as sample data. Mainly convenient sampling method were used to select sample different haor regions. Data were analyzed by using SPSS 23. Descriptive statistics, ANOVA, Chi square, OLS regression analysis were used as analytical tools in this study. Conclusion was drawn based on the findings of the study. A significant finding is that mobile banking service is assumed as a blessing for these small savers and users who relied on risky informal savings practices. Mobile banking enables the low income people to reduce their costs associated with transaction of money and thus helps to upgrade their economic condition.

Keywords : Mobile Remittance, Financial Inclusion, Living Standard, Underprivileged People]

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