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Developing a framework using interpretive structural modeling for the challenges of digital financial services in India

  • Swansea University
  • State Institute of Engineering and Technology

Research output: Chapter in Book/Report/Conference proceedingConference contributionpeer-review

12 Scopus citations

Abstract

Digital financial services (DFS) can expand the delivery of basic financial services to the poor through innovative technologies like mobile-phone-enabled solutions, electronic money models and digital payment platforms. By 2020, it is estimated that the mobile will have the potential to serve about 250 million people for financial services in India. Yet there remains a long way for India to go in digital finance. Realizing this, the objectives of the current research are to recognize various key challenges of DFS, to find contextual relationships between various challenges and to develop a hierarchy of challenges to promote DFS in India. The findings revealed 45 contextual relationships among the key challenges using experts' inputs. Implementing interpretive structural modelling (ISM) indicated “Lack of literacy/digital literacy (C4)” and “Universal unavailability of Internet (C8)” as the key driving challenges coming on the way of using DFS.

Original languageEnglish
Title of host publicationProceedings of the 22nd Pacific Asia Conference on Information Systems - Opportunities and Challenges for the Digitized Society
Subtitle of host publicationAre We Ready?, PACIS 2018
EditorsMotonari Tanabu, Dai Senoo
PublisherAssociation for Information Systems
ISBN (Electronic)9784902590838
StatePublished - 2018
Event22nd Pacific Asia Conference on Information Systems - Opportunities and Challenges for the Digitized Society: Are We Ready?, PACIS 2018 - Yokohama, Japan
Duration: Jun 26 2018Jun 30 2018

Publication series

NameProceedings of the 22nd Pacific Asia Conference on Information Systems - Opportunities and Challenges for the Digitized Society: Are We Ready?, PACIS 2018

Conference

Conference22nd Pacific Asia Conference on Information Systems - Opportunities and Challenges for the Digitized Society: Are We Ready?, PACIS 2018
Country/TerritoryJapan
CityYokohama
Period06/26/1806/30/18

Keywords

  • Challenges
  • Digital financial services
  • India
  • ISM
  • MICMAC
  • Trust

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