Transferring Financial Flows in Pakistan: Digital Banking Inclusion and Dynamics of Mobile Money Transfers and Monetary Expansion
Keywords:
Mobile Money Transfer (MMT), Account to Account Transfer, Account to Person (ATP), Person to Person (P2P), Business to Business (B2B).Abstract
The whole circulation of money supply in Pakistan is evaluated in detail in this article regarding mobile money transfers. Major consequences on money supply patterns are revealed by quarterly statistics from 2012 to 2023. On the increase of monetary aggregates ( and ), Person to Account and Account-to-Account transfers show a higher negative impact than Person does to Account and Account to Person (ATP) transfers according the Auto-Regressive Distributed Lag (ARDL) model. This complex result shows the several effects of mobile money on financial situations and shows how much Mobile Money Transfers (MMT) affect liquidity patterns in the banking system, so changing money stocks and supply in Pakistan.
This paper emphasizes how important mobile money transfers are to advancing financial inclusion and hence monetary stability in Pakistan. Emphasizing these strategies, the study provides insightful analysis for legislators and financial authorities, therefore enabling the development of sensible monetary policies using the benefits of digital banks. The results underline how urgently mobile money technology should be included into the completely financial system to create a more equitable and strong economy in Pakistan.
