Investigating factors affecting the acceptance of mobile banking from the customers' point of view

Number of pages: 113 File Format: word File Code: 30822
Year: 2014 University Degree: Master's degree Category: Management
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  • Summary of Investigating factors affecting the acceptance of mobile banking from the customers' point of view

    Dissertation for Master's Degree (M.A)

    Trend: "International Business"

    Abstract:

     

    The advancement of wireless technologies and tools in recent years has created a new opportunity to provide new banking services under the name of mobile banking. By using mobile banking, customers can benefit from banking services quickly and conveniently at any place and time.  Today, mobile banking services are provided by many banks in the world. In Iran, these services are also provided by a large number of private and public banks.

    Since the penetration rate of using mobile devices is higher than other technologies, mobile banking, if accepted by customers, can have a significant impact on reducing costs for banks and customers.

    Research at the world level has shown that despite the many advantages that this banking method provides for customers as well as banks, it does not have enough acceptance among customers and is not widely accepted. has not taken Examining factors affecting the acceptance of mobile banking by customers can be useful in solving this problem. So far, many researches have been conducted in the world and in Iran in this field, but none of these researches have investigated the role of advertising in the adoption of this technology. Therefore, in this research, a new model for accepting banking has been presented, taking into account the role of advertising. (Mohammadi and Kharkana. 2013)

    Introduction

    The advancement of wireless technologies and tools in recent years has created a new opportunity to provide new banking services under the title of mobile banking. By using mobile banking, customers can benefit from banking services quickly and conveniently at any place and time.  Today, mobile banking services are provided by many banks in the world. In Iran, these services are also provided by a large number of private and public banks.

    Since the penetration rate of using mobile devices is higher than other technologies, mobile banking, if accepted by customers, can have a significant impact on reducing costs for banks and customers.

    Research at the world level has shown that despite the many advantages that this banking method provides for customers as well as banks, it does not have enough acceptance among customers and is not widely accepted. has not taken Examining factors affecting the acceptance of mobile banking by customers can be useful in solving this problem. So far, many researches have been conducted in the world and in Iran in this field, but none of these researches have investigated the role of advertising in the adoption of this technology. Therefore, in this research, a new model for the acceptance of mobile banking has been presented, considering the role of advertising. Investigating factors affecting the adoption of mobile banking in South Africa. They used the theory of innovation diffusion and the theory of decomposed planned behavior for this purpose. According to the results of their research, the factors influencing the adoption of mobile banking are: relative advantage, testability, number of banking services and risk. The adoption of online and mobile banking in China was in 2005. According to Li and Laforet, the subject of the research of the obtained results, security is the most important factor to motivate customers to accept online banking, and also the main barriers to acceptance of perceived risk, technical and computer skills, and the traditional culture of using cash in China. According to the results of this research, the most important obstacle in accepting mobile banking is lack of knowledge about mobile banking and its benefits. Lin and Luarn in 2005 investigated the factors affecting the adoption of mobile banking in Taiwan. Based on the theory of planned behavior and the technology acceptance model, they proposed a mobile banking acceptance model in which a trust-based element (perceived credibility) and two perceived behavioral control factors (perceived personal ability and perceived financial cost) were added to perceived usefulness and perceived ease of use. For simplicity, the elements of attitude toward use and practical use were removed from the theme model. Perceived credibility is related to but different from trust and risk.This element is related to how much a person believes that using mobile banking does not threaten security and privacy. Kim et al. in 2009 investigated the factors influencing initial trust in mobile banking and intention to use it. The results of this research confirmed the important effect of initial trust on mobile banking adoption. In this research, the factors influencing the creation of initial trust are:

    the relative advantage of mobile banking compared to other banking channels, personal tendency to trust new technology and new business partners, perceived structural assurance and the reputation of the company providing mobile banking. According to the results obtained from this research, the three variables of relative advantage, personal orientation and structural guarantee are effective in creating initial trust. The effect of the reputation factor on initial trust was not confirmed according to the results. Finally, the only factor affecting the intention to use mobile banking in this research was comparative advantage and initial trust.

    Guo and others in 2009 investigated the factors affecting users' intention to use mobile banking in Korea. The model of this research was based on the technology acceptance model and the trust-based technology acceptance model. In this model, the elements of social impact, system quality, personal ability, facilitating conditions, familiarity with the bank, situational normality, structural assurance, calculation-based trust were added to the theme model and some theme elements (attitude towards use and practical use) were removed.  The results of this research showed that familiarity with the bank and perceived ease of use do not have much effect on trust. In Singapore, the investigation of factors affecting the acceptance of mobile banking and the role of gender as a moderating variable was the subject of Rios and Riquelme's research in 2010. They used the technology acceptance model, the theory of planned behavior and the theory of diffusion of innovation for this purpose. According to the results of this research, usefulness, subjective norms and risk have a significant impact on the intention to accept mobile banking services. Also, ease of use has a greater impact on women than men, while relative benefits in men have a greater impact on their perceived usefulness. Subjective norms are also more important and influential for women. (Mohammadi and Farhan 2011) Zhou and others in 2010 combined the integrated theory of technology acceptance and use with the task-technology fit model in order to investigate the factors affecting the acceptance of mobile banking by Chinese users. Factors affecting the adoption of mobile banking in their research are: expected efficiency, expected effort, social impact, facilitating conditions and task fit with technology. In America.  Lou et al., 2010, have investigated the impact of multi-dimensional risk and multi-dimensional trust on the adoption of mobile banking. In this research, the factors that have a direct impact on the intention to use mobile banking are:

    Expected performance, trust belief and perceived risk. The results of this research showed that the perceived risk (performance risk, financial, time, psychological, social, physical, privacy, general) is one of the prominent factors affecting the acceptance of this technology. Koenig-Lewis and others in Germany in 2010 investigated the acceptance of mobile banking services by young customers using the technology acceptance model and innovation diffusion theory. They developed the technology acceptance model by adding the factors of adaptability, trust, credibility, perceived risk and cost. The results showed that compatibility, usefulness and risk are important factors for accepting mobile banking services and trust and credibility are very effective in reducing the perceived risk. In 2011, Lin investigated the impact of knowledge-based trust and innovation characteristics on the adoption of mobile banking in Taiwan. This research has presented a model using the theory of innovation diffusion and knowledge-based trust to examine the impact of innovation characteristics (perceived relative advantage, ease of use, and compatibility) and knowledge-based trust (ability, benevolence, and correctness) on attitude and behavioral intention to accept mobile banking. The results of this research showed that perceived relative advantage, ease of use, compatibility, ability, and correctness have a significant impact on attitude, which in turn lead to the behavioral intention to accept mobile banking. Another result of this research is that power Factors affecting the attitude towards mobile banking are different between current users and potential users.According to the results, ease of use is more important for current users and perceived ability for potential users.

  • Contents & References of Investigating factors affecting the acceptance of mobile banking from the customers' point of view

    List:

    Table of Contents

    The first chapter. 2

    1-1) Introduction 2

    1-2) History of the subject: 2

    1-3) Importance of the subject: 5

    1-4) Research objectives: 5

    1-5) Theoretical framework: 6

    1-6) Research model: 8

    1-7) Assumptions or research questions: 9

    1-8) research method: 10

    1-9) statistical society. 10

    1-10) statistical sample and sampling method. 10

    1-11) Definitions of research terms and variables: 10

    Second chapter 11

    First part. 12

    2-1) First part: 13

    2-1-1) History of banks and banking in Iran. 13

    2-1-2) Shahi Bank of Iran. 13

    2-1-3) Borrowing Bank of Iran. 13

    2-1-4) Osmani Bank. 14

    2-1-5) Bank of Russia and Iran. 14

    2-1-6) Iranian banks. 14

    2-1-7) National Bank of Iran. 14

    2-1-8) Establishment of private banks in Iran. 15

    2-1-9) Central Bank of Iran. 15

    2-1-10) Banking system after the Islamic revolution of Iran. 15

    2-1-11) The evolution of information technology in the banking industry. 16

    2-1-11-1) First period: Automation behind the counter: 16

    2-1-11-2) Second period: 16

    2-1-11-3) Third period: 16

    2-1-11-4 Fourth period: 17

    2-1-12) The role of information technology in electronic banking: 18

    2-1-13) Advantages of electronic banking. 18

    2-1-14 (an opportunity, a threat) 19

    2-1-15) in Iran. 19

    2-1-16) Definition of electronic banking: 20

    2-1-17) Some influential factors in the development of electronic banking: 20

    2-1-18) The necessity of using information technology in providing banking services: 21

    2-1-19) Electronic banking operations in the banking system of the country. 24

    2-1-20) Electronic banking portals and products: 25

    2-1-20-1) Electronic banking terminals and equipment. 26

    2-1-20-2) Bank card: 27

    2-1-20-3) Virtual banking systems: 29

    2-1-21) Benefits of the bank. 32

    2-1-22) Other benefits of mobile banking 33

    2-1-23) Benefits of mobile banking from the perspective of banks 34

    2-1-23-1) Intensification of competition in banks 34

    2-1-23-2) Target group. 34

    2-1-24) Mobile banking history 35

    Second part: 36

    Service marketing and customer acceptance. 36

    2-2 Part Two: Service Marketing and Customer Acceptance. 37

    2-2-1) Marketing. 37

    2-2-2) types of marketing. 37

    2-2-3) Service marketing management. 37

    2-2-4) Service marketing mix elements. 37

    2-2-5) Customer. 38

    2-2-6) Factors that are important for the customer. 38

    2-2-7) Customer acceptance policy. 39

    2-2-8) Customer identification. 39

    2-2-9) General requirements for identification of customers. 41

    2-2-10) Acceptance and application models of information technology. 41

    The third part: 45

    2-3) The third part: Saderat Bank. 46

    2-3-1) History 46

    2-3-2) Initial capital of the bank. 46

    2-3-3) The start of the first branch 46

    2-3-4) The operation of the bank in the first years 47

    2-3-5) Privatization of the bank again. 47

    2-3-6) mobile banking in Saderat Bank. 48

    2-3-7) Introduction of bank services. 48

    2-3-8) Services provided through Sadaret Bank Mobile. 48

    2-4 Part IV: Background of the research. 48

    2-4-1 Internal investigation. 48

    2-4-2) Foreign research. 52

    The third chapter 56

    3-1) Introduction 57

    3-2) Research method. 57

    3-3) Statistical society. 57

    3-4) statistical sample and sampling method. 57

    3-5) Data collection tool 58

    3-6) Validity and reliability of measurement tool. 58

    3-7) Separation of questionnaire questions based on assumptions. 60

    3-8) Data analysis method 60

    Chapter four 61

    4-1) Introduction 62

    4-2) Research findings. 62

    4-2-1) Descriptive statistical analysis. 62

    4-2-1-1) Gender. 63

    4-2-1-2) level of education. 63

    4-2-1-3 age. 64

    4-2-2) Descriptive distribution of variables 66

    4-3) Inferential statistics and hypothesis testing 67

    4-4 Checking the normality of data using the Kolmogrove-Smirnov test. 67

    4-5) Hypothesis test: 68

    4-5-1) Correlation test. 67

    4-5) hypothesis test: 68

    4-5-1) correlation test: 68

    4-5-2) regression. 72

    4-5-3) Friedman ranking test. 76

     

    Chapter 5 78

    5-1) Introduction 79

    5-2) statement of research objectives. 79

    5-3) Findings from data description 79

    5-4) Findings from research questions. 79

    5-5) Presentation of the conceptual model. 82

    5-5) discussion and conclusion. 84

    5-5-1) Proposals based on results. 84

    5-5-2) research limitations. 85

    5-5-3) Out-of-control limitations. 86

    5-5-4) Suggestion for future research. 86

    Sources and reference 100

    Appendices and attachments 87

     

     

     

     

     

     

     

     

     

    List of tables

    Table 2-1 Average cost for banks per customer. 24

    Table 3-1 Cronbach's alpha of questionnaire questions 59

    Table 4-1 Frequency distribution of respondents' gender. 63

    Table 4-2 Frequency distribution of respondents' education level. 64

    Table 4-3 Frequency distribution by age of respondents. 64

    Table 4-4 frequency distribution of bank mobile advertisements. 66

    Table 4-5 descriptive indices of research variables. 66

    Table 4-7 The result of the correlation test of the relationship between trust and acceptance of the bank. 69

    Table 4-8, the result of the correlation test of the relationship between facilitating conditions and customer acceptance. 69

    Table 4-9, the result of the correlation test of the relationship between the expected efficiency of the customer and the acceptance of the bank company. 90

    Table 4-10, the result of the correlation test of the relationship between advertising and customer trust. 71

    Table 4-11 The result of the correlation test between advertisements and customer's expected efficiency. 71

    Table 4-12 regression results of the first hypothesis. 73

    Table 13-4 Regression results of the second hypothesis 73

    Table 14-4 Regression results of the third hypothesis 74

    Table 15-4 Regression results of the fourth hypothesis 75

    Table 16-4 Regression results of the fifth hypothesis 75

    Table 17-4 Test Friedman 76

    Table 4-20 Friedman statistical test of advertising. 77

    Table 18-4 Statistical test - Friedman test result. 76

    Table 4-19 Friedman test of advertisements. 77

    Table 5-2 Frequency of privacy security importance. 85

    Table 5-1 frequency distribution of the bank's performance in the advertisements of the bank. 82

     

     

     

     

     

     

     

     

    List of graphs

    Graph 4-1 Gender frequency distribution. 63

    Graph 4-2 Frequency distribution of education level. 64

    Chart 4-3 Frequency distribution of respondents' age. 65

    Source:

    Sources and sources

    Arjamand Nejad, Abdul Mahdi, adequate identification of customers by banks, October 84, publications of the banking supervision committee of the wing based in the International Settlement Bank

    Senior in Information Technology Engineering, Tarbiat Modares University.

    Bagheri, M. A., Determining the key success factors in accepting internet banking among Iranian youth, 2017, Bachelor's Thesis

    National Bank of Iran in Tehran), 2019, Tarbiat Modares University.

    Behboudi, Mehdi. Acceptance of mobile banking by customers of Iranian banks, 1392, Marketing Management, Volume 8, Number 18

    February 1388,

    Khansari, R. Mehrabi, L. Shahchera, M. Ahmadian, A. Heydari, H. Banking situation in Iran and the world, Spring 2019, Publications of Monetary and Banking Research Institute of the Central Bank of the Islamic Republic of Iran

    Rakhshanifar, R., Banking with the vision of Iran, 2010, Iran Export Bank Quarterly, No. 53, Autumn 2010

    Rostegar, A. Agha Mohammadi, Z

Investigating factors affecting the acceptance of mobile banking from the customers' point of view