African Therapeutic Drug Monitoring | 02 April 2008
Mobile Banking Adoption and Its Impact on Financial Literacy Among Senegalese Youth in Uganda
N, y, o, n, y, e, S, s, e, r, u, n, k, u, m, a, ,, K, i, z, z, a, M, u, g, e, r, w, a
Abstract
The adoption of mobile banking among youth in developing countries has been a topic of interest due to its potential impact on financial literacy and economic empowerment. The research employs a cross-sectional survey design, utilising structured interviews and questionnaires to collect data from a sample population representative of Senegalese youth residing in Uganda. Mobile banking adoption among the sampled youth showed significant variation with approximately 25% reporting active use within six months. Financial literacy scores were found to be correlated with mobile banking engagement, suggesting a positive correlation between usage and understanding of financial concepts. The preliminary findings suggest that while mobile banking adoption rates are modest, there is a notable association between its use and improved financial literacy among Senegalese youth in Uganda. Further longitudinal studies should be conducted to establish causality and explore the long-term implications of mobile banking usage on financial education and economic stability among this demographic.