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Mobile Phones and Financial Access: Evidence from the Finscope Surveys of Selected Asian Countries

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  • Lay, Sok Heng

Abstract

This paper assesses the impact of mobile phones on the use of formal banking services in some Asian countries. Using the FinScope Surveys of Cambodia, Laos, Myanmar, Nepal, and Thailand conducted between 2012 and 2015, the paper applies a probit model to both cross-sectional and pooled data set. The results consistently suggest that having a mobile phone increases the probability of having access to financial services. The findings also highlight the importance of education which increases the likelihood of being formally banked, while distance or time to banking infrastructure is likely to remain a significant barrier for people to access to financial services for all countries. Other factors associated with the likelihood of changes in the levels of access to financial services vary widely from country to country.

Suggested Citation

  • Lay, Sok Heng, 2018. "Mobile Phones and Financial Access: Evidence from the Finscope Surveys of Selected Asian Countries," MPRA Paper 87216, University Library of Munich, Germany, revised 30 May 2018.
    • Handle: RePEc:pra:mprapa:87216
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    References listed on IDEAS

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    Cited by:

    1. SAM, Vichet, 2019. "Formal Financial Inclusion in Cambodia: What are the Key Barriers and Determinants?," MPRA Paper 94000, University Library of Munich, Germany.
    2. Chandralekha Ghosh & Rimita Hom Chaudhury, 2024. "Ranking of countries based on multi‐dimensional financial inclusion index: A global perspective," International Journal of Finance & Economics, John Wiley & Sons, Ltd., vol. 29(2), pages 1345-1377, April.

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    More about this item

    Keywords

    financial access; probit model; mobile financial service; financial institutions;
    All these keywords.

    JEL classification:

    • C35 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Discrete Regression and Qualitative Choice Models; Discrete Regressors; Proportions
    • G20 - Financial Economics - - Financial Institutions and Services - - - General
    • O16 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Financial Markets; Saving and Capital Investment; Corporate Finance and Governance
    • O30 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - General

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