Volume 13 Issue 2 2017


Babar Ansari
M. phill Scholar at Institute of Business Management-IOBM.

Kanwal Gul
M. phill Scholar at Institute of Business Management-IOBM.

Aamir Feroz Shamsi
Professor PAF-KIET.

Nawaz Ahmad
Institute of Business Management-IOBM.

Abstract This research is an attempt to examine the reasons behind un- banking in under developing economy, particularly in Pakistan. For this purpose, a qualitative approach called the summative content analysis approach is used 36 interviews with the banked and unbanked populace are incorporated. The study finds that lack of education, trust in bank/banker, volatile situation in city/country, accessibility/convenience, infrastructure, the interest rate in terms of religious exclusion and financial benefits, high cost associated with opening and maintaining an account, lack of the facility of online payment via debit card/ATM, lack of money, unemployment, government regulations, branch banking, convenience, and some other factors are the general reasons for un-banking in Pakistan. However, the study concludes that the main factors; convenience, cost and security is the major reason for un-banking in Pakistan. After concluding this research author suggested financial institutions should increase the number of access points/centers. Give more authorizations to financial centers, and Promote financial awareness.
Keywords Summative Content Analysis,Unbanked, Security, poverty, financialinstitution, Cost.
Year 2017
Volume 13
Issue 2
Type Full Length Paper
Recognized by Higher Education Commission of Pakistan, HEC
Category "Y"
Journal Name IBT Journal of Business Studies
Publisher Name ILMA University
Jel Classification H41, L31, L21
DOI http://dx.doi.org/10.46745/ilma.jbs.2017.13.02.07
ISSN no (E, Electronic) 2409-6520
ISSN no (P, Print) 2416-8393
Country Pakistan
City Karachi
Institution Type University
Journal Type Open Access
Type of Review Double Blind Peer Reviewed
Format PDF
Paper Link http://ibtjbs.ilmauniversity.edu.pk/journal/jbs/13.2/7.pdf
Page 72-93
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