mBanking and Financial Empowerment of Rural Women

Abstract

Technological development has already been reached at almost every edge of human life. The technological invention makes the mobile phone convenient even for banking and financial systems. With the advent of smartphones and growing internet connectivity nowadays, it is much easier to access banking facilities at any time anywhere without visiting the bank physically. The mobile market is growing rapidly around the world and has opened up a huge market for financial institutions. Nowadays, financial institutions offer a range of monetary services to their customers through mobile phones such as fund transfer to own and other accounts, online account opening, investing in share market, etc. Thus, mobile banking or mBanking refers to the banking service that offers its customers to conduct financial transactions remotely through a mobile device such as a smartphone or tablet. Also, the mobile phones market is growing rapidly in the rural section, and the utility of mobile phones has become popular among rural women. These women are now showing their interest in the mobile banking system as many of them are small independent entrepreneurs and have started their online businesses using mobile phone facilities. Lately, technology has been portrayed as the solution to women's socioeconomic and political isolation in development discourse. Therefore, this paper will try to show the economic empowerment among rural women of Bolpur through using mobile banking technology. So, this study will be carried out by collecting the primary data from the rural section of Bolpurand the data will be analysed through a suitable analysis method accordingly.