Understanding the Impact of Behavioral Intentions on Financial Inclusion: A Mediated Analysis of Perceived Effectiveness, Risk, and Benefits among University Students in Pakistan Using Smart-PLS

This study stated that behavioral intentions depend upon the knowledge of financial inclusion by using three intervening variables: perceived effectiveness, perceived risk, and perceived benefits. Thus, the relations between these concepts were seen while providing valuable knowledge about those driving factors among the students in this understanding process regarding financial inclusion. A sample of 530 university students from different universities across Pakistan has been used for this study. A structured questionnaire was used to collect data. The result suggested that behavioral intention significantly affects the knowledge of financial inclusion through mediating roles from perceived effectiveness, perceived risk, and perceived benefits. This study contributes to the existing body of literature to understand the interactive effect of behavioral intentions with perceived factors that guide financial inclusion knowledge. It generates practical implications that can be shared with educators and policymakers as well as financial institutes to promote and enhance financial inclusion and literacy practices among university students in Pakistan.