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Rural Consumers’ Financial Literacy and Access to FinTech Services

Author

Listed:
  • Morshadul Hasan

    (Murdoch University)

  • Thuhid Noor

    (University of Manitoba)

  • Jiechao Gao

    (University of Virginia)

  • Muhammad Usman

    (Nanjing Audit University)

  • Mohammad Zoynul Abedin

    (Teesside University)

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.

Suggested Citation

  • Morshadul Hasan & Thuhid Noor & Jiechao Gao & Muhammad Usman & Mohammad Zoynul Abedin, 2023. "Rural Consumers’ Financial Literacy and Access to FinTech Services," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 14(2), pages 780-804, June.
    • Handle: RePEc:spr:jknowl:v:14:y:2023:i:2:d:10.1007_s13132-022-00936-9
    DOI: 10.1007/s13132-022-00936-9
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    4. Aristei, David & Gallo, Manuela & Vannoni, Valeria, 2024. "Preferences for ethical intermediaries and sustainable investment decisions in micro-firms: The role of financial literacy and digital financial capability," Research in International Business and Finance, Elsevier, vol. 71(C).

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