Proposing “Mobile, Finance, and Information” Toolkit for Financial Inclusion of the Poor in Developing Countries

Since 2015, the Government of India has initiated and championed the effort for transforming the country with over 400 million unbanked adults into a cashless economy so that a majority of financial transactions can be carried over mobile devices, the most widely used information and communication t...

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Bibliographic Details
Published inInformation in Contemporary Society Vol. 11420; pp. 228 - 235
Main Authors Potnis, Devendra, Gala, Bhakti
Format Book Chapter
LanguageEnglish
Published Switzerland Springer International Publishing AG 2019
Springer International Publishing
SeriesLecture Notes in Computer Science
Subjects
Cashless economy
Financial inclusion
Financial literacy
India
Information literacy
Mobile literacy
Poor
Online AccessGet full text
ISBN3030157415
9783030157418
ISSN0302-9743
1611-3349
DOI10.1007/978-3-030-15742-5_22

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Summary:Since 2015, the Government of India has initiated and championed the effort for transforming the country with over 400 million unbanked adults into a cashless economy so that a majority of financial transactions can be carried over mobile devices, the most widely used information and communication technology in the country. However, over 200 million adults earning less than $2 a day have no or little mobile, financial, or information literacy. This short paper reports a newly proposed interdisciplinary, six-step toolkit operationalized using a survey questionnaire, focus group prompts, and hands-on training for developing mobile, financial, and information literacy among the poor in developing countries like India. Implications for public libraries, governments, and the poor in developing countries and beyond are discussed at the end.
Bibliography:Original Abstract: Since 2015, the Government of India has initiated and championed the effort for transforming the country with over 400 million unbanked adults into a cashless economy so that a majority of financial transactions can be carried over mobile devices, the most widely used information and communication technology in the country. However, over 200 million adults earning less than $2 a day have no or little mobile, financial, or information literacy. This short paper reports a newly proposed interdisciplinary, six-step toolkit operationalized using a survey questionnaire, focus group prompts, and hands-on training for developing mobile, financial, and information literacy among the poor in developing countries like India. Implications for public libraries, governments, and the poor in developing countries and beyond are discussed at the end.
ISBN:3030157415
9783030157418
ISSN:0302-9743
1611-3349
DOI:10.1007/978-3-030-15742-5_22