Table 2 Empirical study conducted in African and Asian countries with regard to mobile and Internet banking

Ouma et al. (2017)

Sub-Saharan Africa

Secondary Data

Mobile financial services boost saving habits among the poor and low-income households.

Siddik et al. (2017)

Bangladesh

Secondary Data

E-banking improves the performance of banks.

Andrianaivo and Kpodar (2012)

African Countries

Secondary Data

Mobile phone use spurs economic growth through financial inclusion.

Aker (2010)

Niger

Primary Data

The use of mobile phone services has reduced grain price dispersion.

Aker and Mbiti (2010)

Africa

Secondary Data

The use of mobile phones promotes economic development.

Ghosh (2016)

Indian States

Secondary Data

Mobile phone use has a positive and significant impact on state economic growth and financial inclusion.