  The study examines the relationship between mobile financial services and
individual financial behavior in India wherein a sizeable population is yet to
be financially included. Addressing the endogeneity associated with the use of
mobile financial services using an instrumental variable method, the study
finds that the use of mobile financial services increases the likelihood of
investment, having insurance and borrowing from formal financial institutions.
Further, the analysis highlights that access to mobile financial services have
the potential to bridge the gender divide in financial inclusion. Fastening the
pace of access to mobile financial services may partially alter pandemic
induced poverty.

General Economics;Economics