Microcredit Meets Mobile: How Smartphones are Becoming the New Bank Branches

Author(s)	Prof. Divya S, Ms. Jessica Gabriella G
Country	India
Abstract	Underprivileged populations' access to financing is being redefined by the intersection of mobile technology and microcredit. Smartphones are becoming more and more like digital bank branches as they spread throughout developing nations, giving consumers direct access to microloans, payments, and savings products. This study examines how mobile-enabled microcredit ecosystems improve accessibility, lower transaction costs, and enable data-driven credit assessment through alternative digital footprints, all of which contribute to financial inclusion. This study emphasizes how peer-to-peer lending platforms, digital wallets, and mobile banking apps increase outreach to unbanked populations by drawing on recent data from Asia and Sub-Saharan Africa. The results show that smartphone-based microfinance solutions empower women, smallholder farmers, and informal laborers while also bridging the financial gap but also provide informal workers, women, and smallholder farmers more authority.
Keywords	microcredit, microfinance, digital banking, financial inclusion
Field	Sociology > Banking / Finance
Published In	Volume 8, Issue 1, January-February 2026
Published On	2026-02-24

About IJFMR Fees & Payment Current Issue Publication Archive	Submit Research Paper Track Submission Status Publication Guidelines Publication Ethics Peer Review & Plagiarism	Join as a Reviewer Editors & Reviewers Reviewer Referral Program Get Reviewer Membership Certi.	Website/Journal Policies Usage Policy Content Policies Privacy Policy

Contact Us		+91-9687-828-838	editor@ijfmr.com

International Journal For Multidisciplinary Research