Home » Banking and Finance » FINANCIAL INCLUSION: USING MOBILE PHONES TO PROVIDE BANKING SOLUTION TO THE UNDE...
FINANCIAL INCLUSION: USING MOBILE PHONES TO PROVIDE BANKING SOLUTION TO THE UNDER-BANKED IN NIGERIA
Sold By: Joe Project Store | Item Type: Project Material | Report this? | Attributes: 50 pages | 1-5 chapters | Amount: ₦5,000 | Marked useful: 4,770 times
INSTANT PROJECT MATERIAL DOWNLOADABSTRACT
Mobile banking system as an innovative product of commercial banks and telecommunication companies has become an important practice in Nigeria. The introduction of this phoning banking system has improve banking efficiency in rendering services to customer, as a result, the study examined inclusive financial solution: using mobile phones to provide financial solutions to the “unbanked”. The study adopted a quota sampling technique, data was collected by means of questionnaires from the residents of Ikorodu North Local Government Area and its outskirts (i.e. the villages and remote areas surrounding that axis) – 700; the staff of the MTN Mobile Nigeria Limited,Lagos office – 300; and collaborative staff of Guaranty Trust Bank Plc., Lagos head office – 300. The result shows that mobile banking does provide financial solution to the “unbanked” in Nigeria. Hence, there is a strongly positive relationship between independent and dependent variables. In other words, mobile banking is a reliable and efficient means through which the “unbanked” are being provided with financial solutions.
To this end, it is hereby recommended that mobile communication industries (e.g.MTN Mobile Money) in collaboration with banking organizations should endeavour to make available to low income earners, especially the “unbanked” or “under-served”affordable mobile phones enabled with modern internet access and gadgets. Similarly,network providers should endeavour to extend their network services to the inward parts of the rural areas, by planting their masts in all strategic areas of villages surrounding Nigeria so as to ensure effectiveness of this innovation. Subsequently, banking organisations are advised to reduce their charges and fees so as to encourage the fearful “unbanked” open accounts and continue to enjoy banking products and services, so as to impact better on their lives through mobile phone system of banking of providing financial solutions and that difficult application processes and procedures for account opening through mobile banking should be simplified in order to accommodate the stark illiterate among them.
Tags: Financial inclusion Impact of the financial inclusion Evaluation of the financial inclusion Assessment of the financial inclusion Optimization of the financial inclusion
This material content is developed to serve as a GUIDE for students to conduct academic research
DOWNLOAD THIS PROJECT MATERIAL NOW!
Advertise Here
Not what you were looking for? Perform a search
What's your project topic?
Comment on Facebook:
Related Project Materials
- 1.
THE ROLE OF COMMERCIAL BANKS IN THE GROWTH OF SMALL AND MEDIUM SCALE ENTERPRISES IN CAMEROON
CHAPTER ONE INTRODUCTION Background of the study Small and medium sized enterprises (SMEs) play a crucial role in facilitating wealth distribution ...More »
Item Type: Project Material | 54 pages | 810 engagements |
- 2.
ASSESSING THE EFFECTS OF CREDIT RISK MANAGEMENT AND LOAN PERFORMANCE ON MICROFINANCE INSTITUTIONS IN...
CHAPTER ONE INTRODUCTION 1.1 Background of the Study Risks linked with credit generation must be managed cautiously, with credit risk being especia...More »
Item Type: Project Material | 54 pages | 408 engagements |
- 3.
AN ASSESSMENT OF ITS RELEVANCE ON THE MANAGEMENT OF MICROFINANCE INSTITUTIONS IN GHANA
CHAPTER ONE INTRODUCTION 1.1 Background of the Study Through microfinance, low income households and their businesses can obtain traditional financ...More »
Item Type: Project Material | 54 pages | 378 engagements |
- 4.
A CRITICAL ANALYSIS OF LOAN FINANCING FOR SMALL AND MEDIUM SCALE ENTERPRISES IN CAMEROON
CHAPTER ONE INTRODUCTION Background of the study In comparison to the rest of the globe, the African continent has experienced substantial expansio...More »
Item Type: Project Material | 54 pages | 355 engagements |
- 5.
AN INVESTIGATION ON THE ROLE OF COMMERCIAL BANKS ON THE SOCIO-ECONOMIC DEVELOPMENT OF CAMEROON
AN INVESTIGATION ON THE ROLE OF COMMERCIAL BANKS ON THE SOCIO ECONOMIC DEVELOPMENT OF CAMEROON CHAPTER ONE INTRODUCTION 1.1 Background of the Study...More »
Item Type: Project Material | 54 pages | 495 engagements |
- 6.
AN EXAMINATION ON THE ROLE AND IMPACT OF TECHNOLOGY IN FINANCIAL SECTORS: CASE STUDY OF AFRILAND F...
AN EXAMINATION ON THE ROLE AND IMPACT OF TECHNOLOGY IN FINANCIAL SECTORS: CASE STUDY OF AFRILAND FIRST BANK, YAOUNDÉ, CAMEROON CHAPTER ONE INT...More »
Item Type: Project Material | 54 pages | 538 engagements |