Financial Literacy, Saving Culture, Adoption of Mobile Money Services and Financial Inclusion of Adults in Kiira Municipality, Wakiso District.
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Date
2021-12-09
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Makerere University Business School
Abstract
The purpose of this study was to investigate the relationship between financial literacy, saving culture, adoption of mobile money services and financial inclusion among adults in Kira Municipality in Wakiso district. A cross sectional research design was used using a sample of 271 adults. Primary data were collected using the self-administered questionnaire. Data were analyzed using SPSS and factor analysis, correlation, and regression analysis were carried out. Correlation results revealed that there was a significant positive relationship between financial literacy, saving culture and adoption of mobile money services and financial inclusion. Furthermore, the results revealed a positive and significant relationship between financial literacy and adoption of mobile money services. In addition, the results revealed that adoption of mobile money services partially mediated the relationship between financial literacy and financial inclusion. Furthermore, regression results indicated that financial literacy was a better predictor than saving culture and adoption of mobile money services and combined prediction was 43.8% of financial inclusion among adults. The study advocates for more financial trainings in skills, knowledge, behaviour and attitudes among adults to improve their access, usage, quality and welfare. The study recommends for more improvement in financial skills and knowledge among adults to increase their usage of mobile money services so as to achieve higher financial inclusion. Adults need to embrace mobile money services usage to increase their financial welfare, access, usage and quality
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This is a master's thesis.
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Citation
Lubwama, I. (2021) Financial Literacy, Saving Culture, Adoption of Mobile Money Services and Financial Inclusion of Adults in Kiira Municipality, Wakiso District. (Unpublished master’s dissertation). Makerere University Business School, Kampala, Uganda.