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.
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Notes
According to Wikipedia and Worldometer, Bangladesh is the 8th populous country in the world, almost 166 million people, with only a limited geographic area, 57,320 sq mi. The population density is 2.9 thousand in per square miles.
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Authors acknowledge anonymous reviewers for their very constructive comments. They are also thankful to Professor Lu Yajuan, School of Finance, Nanjing Audit University, China for supporting in different stages.
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Hasan, M., Noor, T., Gao, J. et al. Rural Consumers’ Financial Literacy and Access to FinTech Services. J Knowl Econ 14, 780–804 (2023). https://doi.org/10.1007/s13132-022-00936-9
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DOI: https://doi.org/10.1007/s13132-022-00936-9
Keywords
- Financial knowledge
- Financial literacy
- FinTech access
- Financial inclusion in Bangladesh
- Rural finance
- Inclusive finance