Journal of Academic Research for Humanities (JARH) is a double-blind peer-review, Open Free Access, online Multidisciplinary Research Journal
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Vol. 3 No. 4 (2023)
The International "Journal of Academic Research for Humanities"

Research Articles

Consequent the Relationship of Financial Inclusion and Financial Literacy: Pakistan’s Case

Published 30-12-2023

  • Dr Fahim Akhter
    • ,
  • Muhammad Shahid Iqbal

Dr Fahim Akhter
Assistant Professor, NEDUET, Pakistan

Muhammad Shahid Iqbal
Assistant Professor, NEDUET, Pakistan

Abstract

  All economic sectors of countries are now adopting new ways of modern technologies which include health care, industrial, agricultural, and financial; all of them are adopting technologies and making their life easier. Developing skills, knowledge, and proficiency helps all sectors in achieving financial inclusion (FI) by making digital financing a primary goal. The study is aimed at examining the connection between financial literacy and financial inclusion in the presence of social contact. An established theoretical framework was used, and a tested questionnaire was employed to test the hypotheses and data collection. A purposive sampling technique has been chosen for this study.  Proxies were used for financial literacy and financial inclusion as examined by other researchers in previous studies. Smart Partial Least Squares (PLS) were used as the data is primary. Among all proxies of Financial Literacy, the results show that behavior and knowledge contribute to having an impact on financial inclusion while skills and attitude do not significantly influence. Social interaction moderates the relationship between financial literacy and inclusion as hypothesized in the study. The results support the empirical findings of previous studies.

Keywords

Technologies, Agricultural,, Financial, Inclusion, Proficiency

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