Description
Assessing the Impact of Digital Banking on Financial Inclusion: A Mixed-Methods Study
Abstract
To enhance the financial inclusion, digital banking plays an important role. This is possible by offering access to banking services for different population groups. This particular study will examine how the technologies of digital banking improve the accessibility of the financial elements, Moreover, the use of the mixed techniques of the approach is used in the study. It highlights the role of platforms related to digital in the expansion of financial services to individuals. This is specifically for people who lack banking access. Additionally, it recognizes the major drivers related to financial inclusion. Hence, explores how innovations shape the accessibility of financial resources.
The study also gets integrated with both qualitative and quantitative data to offer the analysis of comprehensive. The research of quantitative includes valid surveys and the utilization of statistics to monitor the patterns of adoption related to the services of online banking. Besides, a component of the qualitative involves interviews with banking professionals, users of financial services, and policymakers. It helps to know about the experience of the user, problems, and perceptions of digital banking. In addition, by mixing both approaches, the research would present an in-depth view of the online banking impacts.
The results have significantly influenced policymakers and banking industry. The research would also recommend that online banking could minimize the disparities in finance. Moreover, it promotes the growth of the economy by providing solutions for accessible finances. By executing the aimed strategies, financial institutions, and governments boost the impacts of electronic banking and thus acquire access to financial services. Finally, it underscores the significance of digital banking in the aspect of shaping the most inclusive financial system.
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